IMF acknowledges global economy in recession

04/23/2009 | Wall Street Journal, The · Financial Times (free content)

The International Monetary Fund, which had been reluctant to say the global economy is in recession, acknowledged the situation and said a turnaround is not likely until next year. "By any measure, this downturn represents by far the deepest global recession since the Great Depression," according to the IMF's twice-yearly World Economic Outlook.

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Wall Street Journal, The · Financial Times (free content)

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