Manage your account
Make YouPolls.com your home page
Society & Religion
Food & Drink
IMF Sees Stronger Global Rebound From '09 Recession
Made popular 2117 days ago in
The International Monetary Fund said the global economic rebound next year will be stronger than it forecast in April as the financial system stabilizes and the pace of contractions from the U.S. to Japan moderates.
The Washington-based lender said in a revised forecast released today that the world economy will expand 2.5 percent in 2010, compared with its April projection of 1.9 percent growth. A contraction this year will be 1.4 percent, worse than an April forecast for a 1.3 percent drop, the IMF said.
The improved outlook for next year boosted U.S. stocks. The forecasts reflect differing stages of recovery across the globe, with emerging economies including China helping pull the world out of the worst recession in six decades, while Europe lags behind the U.S. and Japan. The fund warned the pickup is likely to be "sluggish" and called repairing the international banking system a priority.
"The global economy is still in recession, but a recovery is coming," IMF chief economist Olivier Blanchard said in a Bloomberg Television interview today. "A weak recovery is a way of putting it," he said, adding that unemployment around the world may keep rising into 2010.
Report This Post
Add To Favorites
Has the economy bottomed out?
This is not a scientific survey,
to learn more. Results may not total 100% due to rounding and voting descrepencies.
You will have 2 minutes to edit your comment.
Add your comments
Made popular 14 days ago
What do you think?
Made popular 17 days ago
Do you think Obama is a
Made popular 22 days ago
Should the Government force a person to violate their religious teachings to protect a group’s “rights”?
Made popular 24 days ago
Which political party do you think is the most intolerant?
Made popular 28 days ago
Which group do you think is more racist?
Code of Conduct
Copyright © 2007-2015 YouPolls, all rights reserved. Designed by
, Powered by