IMF says Global Economy contracts in the most severe recession since World War II; Slow recovery in 2010
Apr 22nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
In the most severe recession since World War II, the global economy is projected to shrink by 1.3 percent in 2009, with a slow recovery expected to take hold in 2010, according to the IMF’s April World Economic Outlook (WEO).