20.03.2009 - Downside risks still persist in the global economy
From Nst.com.my: The global economic growth forecast is constantly being revised downwards. Both the Bretton Woods Institutions -- the World Bank and the International Monetary Fund (IMF) -- have forecast negative growth for 2009. The IMF expects the global economy to contract by 0.6 per cent this year. The World Bank notes this is the first such contraction since World War 2, with growth at least five percentage points below potential......Full Article: Source
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