Credit crisis far from over, IMF warns

07/29/2008 | ClipSyndicate · Financial Times (free content)

Citing "fragile" global financial markets and softening European home prices, the International Monetary Fund warned that further reductions in U.S. credit growth are possible. The July update to the fund's Global Financial Stability Report reiterated the IMF's contention that losses this cycle could reach as much as $945 billion as the subprime-mortgage crisis continues to reverberate.

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ClipSyndicate · Financial Times (free content)

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