Where is the Puck?

In a global outlook released Wednesday, the IMF made a number predictions:
- Global growth in 2009 is estimated to a slight 0.5 per cent, the weakest since the Second World War
- Global growth is projected to rebound in 2010 to 3.0 percent
- Canada’s economy would contract by 1.2 per cent this year; the economy will grow by just 1.6 per cent in 2010.
- Advanced economies will experience their sharpest contraction in the post-war period. The IMF expects real activity to contract by around 1½ percent in the United States, 2 percent in the euro area, and 2½ percent in Japan.
- Emerging market economies would be the only source of growth, expanding 3.3 per cent in 2009 and 5 per cent next year
Read more – visit International Monetary Fund’s website.