IMF raises 2010 global growth forecast to 3.1 percent but warns that recovery will be slowISTANBUL — The International Monetary Fund said the global economy is recovering faster than expected — but that governments should not be hasty in withdrawing the added spending and low interest rates that have helped restore growth. IMF says losses from financial crisis have fallen by $600 bln to $3.4 trillion as shares riseISTANBUL, Turkey — Likely losses from the financial crisis in the three years to 2010 have been reduced by $600 billion to $3.4 trillion as the world economy grows faster than previously expected, the International Monetary Fund said Wednesday. OECD sees recession nearing bottom, but warns recovery may be weakPARIS — The deepest global recession in over 60 years is close to bottoming out, but recovery will be weak unless governments do more to remove uncertainty over banks’ balance sheets, the Organization for Economic Cooperation and Development (OECD) said Wednesday. World Bank says financial crisis could turn into calamity for many poor countriesWASHINGTON — The global financial crisis could become “a human and development calamity” for many poor countries, the World Bank said, urging donor nations to speed delivery of money they have pledged and consider giving more. |
Topics
Poll Loading ...Latest TweetsWorld Economy
Latest Friend FeedsWorld Economy
|
