Post by voice on Jan 28, 2009 19:59:47 GMT
IMF: World Suffering Worst Downturn in Postwar Era
Großansicht des Bildes mit der Bildunterschrift: The German economy is expected to shrink by 2.5 percentThe world economy will grow by only 0.5 percent in 2009, the worst rate since World War Two, as industrial nations battle a recession that is dragging developing countries down with them, the IMF said Wednesday, Jan. 28.
Wealthy nations will experience their worst recession in the post-war period as a financial crisis continues to spread throughout their economies, the International Monetary Fund said as it slashed its global economic forecasts. A contraction of two percent is expected in 2009, even with massive fiscal stimulus packages planned by all rich countries.
A recovery to 1.1 percent is possible in 2010, the IMF said, but only with drastic government intervention to help revive demand and stabilize financial institutions at the heart of the downturn.
The United States will contract by 1.6 percent and Germany -- Europe's largest economy -- by 2.5 per cent in 2009. Japan, Asia's biggest economy, will contract 2.6 percent, the IMF predicted.
www.dw-world.de/dw/article/0,,3982994,00.html
if its this bad for this many what next?
Großansicht des Bildes mit der Bildunterschrift: The German economy is expected to shrink by 2.5 percentThe world economy will grow by only 0.5 percent in 2009, the worst rate since World War Two, as industrial nations battle a recession that is dragging developing countries down with them, the IMF said Wednesday, Jan. 28.
Wealthy nations will experience their worst recession in the post-war period as a financial crisis continues to spread throughout their economies, the International Monetary Fund said as it slashed its global economic forecasts. A contraction of two percent is expected in 2009, even with massive fiscal stimulus packages planned by all rich countries.
A recovery to 1.1 percent is possible in 2010, the IMF said, but only with drastic government intervention to help revive demand and stabilize financial institutions at the heart of the downturn.
The United States will contract by 1.6 percent and Germany -- Europe's largest economy -- by 2.5 per cent in 2009. Japan, Asia's biggest economy, will contract 2.6 percent, the IMF predicted.
www.dw-world.de/dw/article/0,,3982994,00.html
if its this bad for this many what next?