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IMF finally dares to utter the D-word (depression) [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

BelgianMadCow

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Thu Apr-16-09 04:00 PM
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IMF finally dares to utter the D-word (depression)

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"The combination of financial crisis and a globally synchronised downturn is likely to result in an unusually severe and long-lasting recession," the IMF says, in two key chapters of its twice-yearly World Economic Outlook, published today.
from http://www.guardian.co.uk/business/2009/apr/16/imf-warns-severe-long-lasting-recession

Full report available in pdf here http://static.tijd.be/upload/IMF-rapport-1084457.pdf

Check out the comparison between the current crisis and the Great Depression starting on page 3, and the graphs on pag

regards
bmc

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