Thursday, October 18, 2007
End of Global Growth?
"The world economy remains at serious risk of suffering deeper turmoil in financial markets that could trigger a severe global downturn, the International Monetary Fund (IMF) said yesterday, as it sharply cut forecast growth in key economies next year." Simon Johnson, the IMF’s chief economist insits: "The world economy has entered an uncertain and potentially difficult period. The financial turmoil of August and September threatens to derail what has been an excellent half decade of growth.”