IMF now says negative growth in 2009
Thursday, March 19th, 2009One month ago, IMF said there will be no growth in 2009. Now, they updated their prognosis and they see a contraction of the world economy by 0.5% - 1%.
I guess someone should start trying to guess what the IMF prognosis in April will be so that we can have a prognosis of the prognosis… ![]()
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.