Will The Economy Come to a Halt?

by Jay Deragon on 01/29/2009

The International Monetary Fund (IMF) said yesterday that it expects world economic growth this year to be the lowest since World War II. The Fund’s latest update to its 2009 World Economic Outlook forecasts global gross domestic product (GDP) growth of just 0.5 percent—sharply lower than the 2.2 percent annual growth it expected last November.

IMF chief economist Olivier Blanchard declared: “We now expect the global economy to come to a virtual halt.”

The global slump is being led by the advanced economies, almost all of which will experience major economic contractions. The US economy is expected to decline by 1.6 percent, the eurozone by 2 percent, Japan by 2.6 percent and Britain by 2.8 percent. On average, output in the advanced economies will fall by 2 percent—the first such collective contraction since the 1930s.

imf-data

{ 2 comments }

Keila Collis April 13, 2010 at 10:41 pm

In substance. government points to not lega acts that purposely disposses the government of inventory through insincerity or shakedown.. When the government recieve conned, taxpayer earning the asking price price.. Government double-cross is a grim crime, and is mostly trail to the abundant range of the law.. In certainty, in many government fraud context, both outlawed and civilian charges are attent against the litigant..

G Bufithis January 29, 2009 at 6:09 pm

Your 2 Twitter posts “the economy is halting” both seem to connect to this article. Was that your intent? I really like your links, though. You post great stuff.

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