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January 29, 2009

IMF: Global Economy to See Lowest Post-War Growth
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The debate over the stimulus package comes as the International Monetary
Fund has warned the global economy will see its lowest growth since the
Second World War.

IMF Chief Economist Olivier Blanchard: “We expect the global economy to
come to a virtual standstill in 2009. There are important differences
across countries. In the advanced economies, we basically forecast the
sharpest contraction in the post-war period."