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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 [1]
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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World growth worst for 60 years  161008pptv3 [2]

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. [1]


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[1] BBC News: http://news.bbc.co.uk/1/hi/business/7856020.stm?loc=interstitialskip

[2] Image: http://www.prisonplanet.tv/subscribe.html

[3] 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

[4] World stocks post worst quarter in 3 years: http://www.prisonplanet.com/world-stocks-post-worst-quarter-in-3-years.html

[5] Worst US Job Losses In 34 Years: http://www.prisonplanet.com/worst-us-job-losses-in-34-years.html

[6] 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

[7] Barack Obama sees worst poll rating drop in 50 years: http://www.prisonplanet.com/barack-obama-sees-worst-poll-rating-drop-in-50-years.html

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