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IMF Says World Economy Heading for `Major Downturn'
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dude



Зарегистрирован: 27.11.2002
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Добавлено: Вт Окт 07, 2008 3:29 pm    Заголовок сообщения: IMF Says World Economy Heading for `Major Downturn'  

http://www.bloomberg.com/apps/news?pid=20601087&sid=az0Qc87VU3bM&refer=home

Oct. 7 (Bloomberg) -- Global growth is headed for a ``major downturn'' next year, as U.S. gross domestic product grinds close to a halt, the International Monetary Fund said in a staff report prepared for a Group of Seven meeting this week.

``The global economy is entering a major downturn,'' the fund said in the report, dated Oct. 4 and obtained by Bloomberg News. ``Many advanced economies are now close to recession, while emerging economies are also slowing rapidly.''

Growth is slowing across the world as policy makers struggle to contain the worst financial crisis since the Great Depression. The Dow Jones Industrial Average dropped below 10,000 for the first time in four years yesterday and Federal Reserve Chairman Ben Bernanke said today that ``the downside risks'' for growth have increased.

The U.S. will expand 0.1 percent in 2009, after growth of 1.6 percent this year, the IMF said in a draft of its World Economic Outlook scheduled for release tomorrow and also obtained by Bloomberg. In the WEO released in April, the IMF said the U.S. economy would grow 0.5 percent this year and 0.6 percent in 2009.
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