Wednesday, 30 July 2008

Economy: IMF sees No Sign of Recovery as Credit Crunch Landmark Looms

Global financial markets remain fragile and the danger of an economic fallout has increased a year after the credit crunch began, the International Monetary Fund said yesterday.

The IMF's latest global financial stability report said world markets are still under strain from the US housing crisis while the twin risks of rising inflationary pressures and the prospect of recession are making life tough for central bankers as regards setting monetary policy.

[Posted at the SpookyWeather blog, July 30th, 2008.]

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