Tag Archives: international monetary fund

Iceland Bankruptcy – Brink of Financial Meltdown

he island of Iceland might be the first country in “national bankruptcy” to follow in the steps of the credit crunch.

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Iceland is all but officially bankrupt

People go bankrupt all the time. Companies do, too. But countries?

US Sliding Into Recession with Major Global Slowdown, IMF Predicts

The United States is heading towards recession with major global slowdown amid financial crisis International Monetary Fund (IMF ) in its latest World Economic Outlook (WEO) predicts.

  • World growth will slow amid most dangerous financial shock since 1930s
  • No growth in many advanced economies until at least mid-2009
  • Global economy expected to stage modest recovery later in 2009

Global Recession close to reality, IMF Predicts

The world is heading towards a global recession, latest forecasts from the International Monetary Fund (IMF) have predicted.

In it’s latest report International Monetary Fund (IMF) have predicted world growth could slow to 3.7 % in 20080.5 % point lower than what was forecast in the January 2008, citing the unfolding financial market turmoil as the biggest downside risk to the global economy.