simon-johnson – The Mail & Guardian

/ 12 April 2008

IMF meets as world economy weakens

The International Monetary Fund (IMF) holds its spring meeting in Washington, DC, on Saturday amid what officials describe as the worst financial crisis since the 1930s Depression and as the global economy weakens. The 185-member IMF warned on Wednesday that the economic outlook was increasingly grim.

By Veronica Smith

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Article

/ 10 April 2008

IMF: World in worst financial crisis since Depression

The United States mortgage crisis has spiralled into ”the largest financial shock since the Great Depression” and there is a one-in-four chance that it will cause a full-blown global recession, the International Monetary Fund (IMF) warned on Wednesday.

By Staff Reporter