IMF: World Headed for 'Global Recession'

Damage from the financial meltdown is expected to push the United States into a deepening recession, and the wider effect will be a sharp slowdown of the global economy, according to a report by the International Monetary Fund released today. The IMF's World Economic Outlook sharply revised preductions for growth in the global economy and painted a darker portrait of prospects for the financial health of the United States, according to The Associated Press, which reviewed the report. "The...Full Story
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