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World growth ‘worst for 60 years’
Posted By admin On January 28, 2009 @ 11:22 am In 1,Money Watch | Comments Disabled
BBC News 
Wednesday, January 28, 2009
World economic growth is set to fall to just 0.5% this year, its lowest rate since World War II, warns the International Monetary Fund (IMF).
In October, the IMF had predicted world output would increase by 2.2% in 2009.
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It now projects the UK, which recently entered recession, will see its economy shrink by 2.8% next year, the worst contraction among advanced nations.
The IMF says financial markets remain under stress and the global economy has taken a “sharp turn for the worse”.
Full story here. 
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 BBC News: http://news.bbc.co.uk/1/hi/business/7856020.stm?loc=interstitialskip
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 Britain on brink of recession as economy shrinks by 0.5% – the worst figures for 18 years: http://www.prisonplanet.com/britain-on-brink-of-recession-as-economy-shrinks-by-05-the-worst-figures-for-18-years.html
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 U.S. Slump May Be Longest in Decades as Growth Fell Off `Cliff’: http://www.prisonplanet.com/us-slump-may-be-longest-in-decades-as-growth-fell-off-cliff.html
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