IMF say no where to hide !

[madmansg]

The global economy is headed for a ``major downturn,'' the IMF said in its World Economic Outlook released yesterday.

Global growth is projected at 3 percent next year, down from 3.9 percent this year, the IMF said. In April, the IMF predicted a 25 percent chance of worldwide growth at or below 3 percent, which it said was ``equivalent to a global recession.''

``The turmoil is a global phenomenon,'' McCormick said in a statement. ``We are all affected by it, and strengthened international collaboration is needed now more than ever to find collective solutions to achieve stable and efficient financial markets and restore health to the world economy.''

To contact the reporters on this story: Simon Kennedy in Washington at

 

[DIVISION1]

This is the time when Singaporeans must band together to tide through the crisis. There are many wonderful things in Singapore worth fighting for and keeping. Let us work together to keep a beautiful Singapore going.

 

[po2wq]

ya, boy ... global growth is going 2 b down nex yr ... let's band 2gether now 2 make more money thru tis crisis ... up all costs ... ppl say in every crisis there's opportunity ... how true! ...

 

[theblackhole]

KNN the rich and those in the know are already happily cashing out early.KNN those innocent small time investors kena burnt like shit! Those con men and cheaters should be taken to task and burnt in hell. KNN so many people lost so much money because these buggers are so greedy giving them obscene bonuses and obscene pay rise. KNN!