Search Content

growthThe International Monetary Fund ( the IMF) is predicting reduced economic growth in the global economy. Due to credit problems in the US housing market, many countries’ economies will be affected.

Economic recovery, though slow, should eventually turn around but probably not until the end of the year. Ongoing credit problems could even cause the crisis to worsen and the IMF is warning that recovery might take several years.

Both the US and Eurozone economies are expected to be the most badly affected by the crisis. Emerging economies such as India and China, however, will be much less affected by the slowdown.

FOR THE COMPLETE LESSON: click here

 
Menu