Wednesday, September 25, 2002

IMF forecasts gloom for global economy A plunge in share prices poses a serious threat to world economic growth, the International Monetary Fund warned today. In a gloomy forecast, the IMF yet again cut its expectations for global growth in its latest "World Economic Outlook" from its previous economic projections in April. "There is a significant risk of a more subdued recovery, especially if the impact of recent equity market declines in both the United States and Europe proves greater than presently expected," the IMF said. 1:13:59 PM  Google It!  comment  []

IMF Reveals Precarious Global Economic Prospects The global economy has not recovered as well as expected, will likely perform below par next year and the situation is likely to get worse rather than better, the International Monetary Fund said on Wednesday in its bleakest assessment of global prospects in years. 12:37:30 PM  Google It!  comment  []