GLOBAL FINANCIAL CRISIS: IMF’s global outlook: expect the worst*

The IMF, for the fifth time in six months, has revised downward its economic forecast. In view of this worsening outlook, Kevin Rudd’s optimistic projections for 2010 seem dangerously naïve, argues Peter Westmore.The International Monetary Fund’s World Economic Outlook, released last month, forecast a decline in the world’s economic growth this year for the first time in 50 years, with the highest falls in the advanced economies of North America and Western Europe.This was the fifth time in…

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