Eurozone Debt Crisis Drags Down World Economy, IMF Report Says -- Deutsche Welle
The International Monetary Fund says the eurozone looks set to slip into a mild recession this year with spillover effects for the global economy. Germany as Europe's powerhouse is likely to post minimal growth in 2012.
The eurozone economy as a whole will lose its footing in the course of this year and head into a mild recession, the International Monetary Fund (IMF) said on Tuesday in its World Economic Outlook.
The IMF's chief economist, Olivier Blanchard, said in Washington he expected global economic growth to slow down and thus hamper a faster recovery from the worst downturn in decades.
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More News On The IMF's Warnings Of Another Global Recession
IMF: Global economy 'in danger zone' over euro crisis -- BBC
IMF warns of global recession if governments cut too deeply -- USA Today/AP
IMF warns that Europe poses global recession threat -- Reuters
IMF predicts mild European recession, lower global growth in 2012 -- L.A. Times
IMF slashes global growth forecasts -- The Guardian
IMF cuts world growth forecasts again -- Sydney Morning Herald
IMF warns of dual shock -- Sydney Morning Herald
IMF Cuts Global Growth Estimates -- Wall Street Journal
IMF: Without Action, Debt Crisis May Force 4% Euro-Area Contraction -- Wall Street Journal
IMF cuts growth forecast for all but U.S. -- CNN
IMF warns of another great depression -- ABC News (Australia)
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