IMF says no growth in 2009
The International Monetary Fund revised its prognosis for the world economy growth from 0.5% to 0%. Therefore, now they expect the economy to be stagnant in 2009. Well, I expect it to shrink a little and I think they will, at some moment, revise the prognosis again.
Moreover, they expect the economy of the developed countries to shrink by 2% and many countries will need help provided by IMF in order to pass this difficult period.
But, “someone important” said a short time ago that IMF no longer has enough money. In this case, what is the purpose of announcing something like we cannot help, but many need our help? Something like help us to help others?
Tags: IMF
March 19th, 2009 at 4:39 pm
[...] month ago, IMF said there will be no growth in 2009. Now, they updated their prognosis and they see a contraction of [...]