Related News
IMF Predicts Gloomy Skies Over Europe
By Pan Pylas |
May 13, 2009, Wednesday
|
Print Edition
Print Edition
EUROPE'S severe economic downturn is likely to last until the second half of next year and could persist for longer if governments don't do more to shore up fragile financial institutions and coordinate their response to the recession, the International Monetary Fund said yesterday.
In its latest update for Europe, the IMF continues to forecast that the 16 national economies that use the euro currency will shrink by 4.2 percent this year alone, with Germany - the euro zone's biggest economy - contracting by a massive 5.6 percent as demand for its high-value exports collapses.
Next year, the IMF said the euro zone is likely to shrink by 0.4 percent, with Germany falling by another 1 percent.
In its latest update for Europe, the IMF continues to forecast that the 16 national economies that use the euro currency will shrink by 4.2 percent this year alone, with Germany - the euro zone's biggest economy - contracting by a massive 5.6 percent as demand for its high-value exports collapses.
Next year, the IMF said the euro zone is likely to shrink by 0.4 percent, with Germany falling by another 1 percent.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
