Thursday, April 10, 2008

Britain could be hardest hit by financial crisis, says IMF

Britain could be hardest hit by financial crisis, says IMF

Britain could be hardest hit by the global credit crisis as banks in this country have racked up bigger losses than anywhere else in the world, a new International Monetary Fund analysis shows. The IMF expects British banks to lose more than £20 billion - equivalent to three per cent of gross domestic product (GDP) - from the international meltdown in sub-prime mortgages

Posted by worried @ 06:48 AM (474 views)
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