IMF urges G20 industrialized and developing economies to take action to help counter global economic slowdown; World Bank says global trade could fall for the first time since 1982
Nov 10th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
IMF Managing Director Dominique Strauss-Kahn urged leaders of the Group of Twenty (G-20) industrialized and developing economies to take action to help counter the global economic slowdown as ministers from systemically important countries agreed on the need for a coordinated response. The World Bank said global trade could fall for the first time sine 1982.