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World Economic Outlook by IMF

January 28th, 2009 · 1 Comment

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.

Tags: Economic Trends · New Business Trends

1 response so far ↓

  • 1 Jovica // Jan 30, 2009 at 2:27 pm

    The International Monetary Fund on Wednesday forecast Canada’s economy would contract by 1.2 per cent this year…

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