Wednesday, January 28, 2009

The IMF predicted the global economy to return to the Second World War.

SyuzhetyAntikrizisnye loans MVF17.01.2009MVF give Serbia a credit in 530 million dollarovMirovaya economy in 2009 will grow only at 0.5 percent, AFP reported, citing a forecast for the International Monetary Fund (IMF). The pace of world economic growth this year will be the lowest since the Second World War. In October 2008 the IMF issued a forecast that world GDP in 2009 should grow by 2.2 percent.
The forecast for economic growth of developed countries have also been downgraded. The IMF expects the GDP this year will decline by an average of two per cent. For example, the UK GDP will decrease by 2.8 per cent, euro - 2 per cent, the U.S. - at 1.6 percent, and Japan - to 2.6 percent. In addition, the growth rate of the economies of developing countries will slow, with 6.25 percent in 2008 to 3.25 percent in 2009-m.
The reason for the revision of forecasts is to improve the impact of the global financial crisis on the economies of many countries in the world, which in turn led to a sharp decline in international trade.
Along with the announcement of the forecast for global economic growth IMF Managing Director Dominique Strauss-Kahn said that most of the funds planned for the issuance of loans to crisis-affected countries, could be spent before the end of 2009. Now, the IMF is about 350 billion dollars.
In 2008, the IMF crisis loans were Serbia, Latvia, Iceland, Pakistan, Ukraine and Hungary. In total, countries were given more than $ 50 billion. Now the IMF is considering providing funds and other nations of Europe and Asia.
In order to assist countries with economies in transition and the poorest nations of the world cope with the global financial crisis, the IMF requires additional $ 150 billion. This January 12, 2009 the head of the IMF. Should the IMF get the money, the total amount of money at his disposal will be approximately $ 500 billion. As a potential donor IMF called China and Japan. The latter is considering the possibility of fund of $ 100 billion.

No comments: