IMF: World economy enters 'dangerous new phase'

MaxShimba

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Apr 11, 2008
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[h=3]IMF: World economy enters 'dangerous new phase'[/h]


WASHINGTON (AP) -- The world economy has entered a "dangerous new phase," according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year.
The IMF expects the U.S. economy to grow just 1.5 percent this year and 1.8 percent in 2012. That's down from its June forecast of 2.5 percent in 2011 and 2.7 percent next year.


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