By Adeline Teoh · 17 April 2009 · Locked
The International Monetary Fund has released a dire forecast, predicting a deep and long-lasting recession that will affect every country. But what's driving this economic downturn, and what can we expect in the months to come?
The International Monetary Fund has released its bi-annual World Economic Outlook report with the dire summary that the world will undergo a deep recession that will affect every country. The report also predicted that “the current recession is likely to be unusually long and severe and the recovery sluggish”. Analysis included: Recessions brought on by […]
Tags: Financial Crisis, Global Crisis, Government Spending, International Monetary Fund, Recession, Stimulus