WORLD ECONOMY MAY BE HEADING INTO RECESSION
IMF PREDICTS LOW GROWTH FOR ALL COUNTRIES
2011-09-20 11:04
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Against an overhanging threat of another recession in developed world facing multiple crises of debt, deficit, jobs and financial instability, the International Monetary Fund warned on September 20 that the global economy was in a “dangerous new phase”, which called for decisive actions by policy-makers in Europe and USA, to avert a post-Lehman collapse of 2008.