Financial crisis deepens, global economy to shrink 2.6 percent

Summary

The United Nations has predicted the global economy will shrink by 2.6 percent this year, as the global financial crisis deepns and unemployment threatens to reach the 50 million mark. The United Nation’s World Economic Situation and Prospects 2009 report has predicted a global economic contraction of 2.6 percent, as the global credit crunch continues […]