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SUNDAY, NOVEMBER 22, 2009
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IMF: Global Recession Is Over

World economy is growing, but recovery will be slow

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(Newser) – The global recession is over, the International Monetary Fund said today, revising its economic forecasts in response to Asian growth and more than $2 trillion in stimulus packages worldwide. The IMF now says the world economy is growing and will expand by 3.1% in 2010, with China growing at a 9% clip and the US at 1.5%. Nevertheless, the institution warned that growth will be "sluggish, credit-constrained and, for quite some time, jobless."

"The recovery has started, meaning in most countries growth is coming back. Nevertheless the crisis is not over," the IMF's managing director said today. He added that while a double-dip recession remains "possible," it's less likely than previously thought.

Dominique Strauss-Kahn, the director general of the International Monetary Fund, speaks during a press conference at the end of the G20 Summit at the Excel centre in London, Thursday, April 2, 2009.
Dominique Strauss-Kahn, the director general of the International Monetary Fund, speaks during a press conference at the end of the G20 Summit at the Excel centre in London, Thursday, April 2, 2009.   (AP Photo/Alastair Grant)
The IMF revised its economic forecasts and now predicts 3.1% growth for 2010.
The IMF revised its economic forecasts and now predicts 3.1% growth for 2010.   (©Manuel Delgado Tenorio)
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SilenceDogood
Oct 1, 09 7:04 AM CDT
These morons, along with Bernanke, are historians; they have no ability to foretell the future. They read the tea leaves of society and portent to tell our future. The US economy, which drives 80% of all other economies, is headed for a double dip recession. We’ve got a twin engine aircraft, both engines are out, we’re low on fuel, we’re at 10,000 feet in the clag dropping like a rock and our instruments just went out. We are in deep shit. Reply
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Wraith
Oct 1, 09 2:07 PM CDT
Think you could squeeze in a a few more lame metaphors in there? LMFAO, bitch like mad about it but kept your trap shut when your boy GW drove it over the cliff and you waved your little flag huh. Now you want to piss moan and cry, welcome to the real face of the Republican fiasco which destroyed America and watch as they attempt to divert blame to everyone but where it honestly belongs... oh, sorry, forgot how much Republicans deplore the word honesty, they still think it is a derivative of a French word or something
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SilenceDogood
Oct 1, 09 7:22 PM CDT
Wraith you poor Kool-Aid drinking fool. GW did not run the economy over the cliff, this disaster was engineered by decades of foolish decisions by both Parties. It was a culmination of bad decisions; repeal of Glas-Stegal; homes for everyone; sub-prime mortgagees for all; deficit spending; pork barrel legislation; earmark spending; the global economy; figure it out, Dude. This was created by Democrats and Republicans, get a grip and stop blaming anyone but ourselves, we elected these assholes and they are running the nation into the ground, including our current government.
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Jassy
Oct 1, 09 8:22 AM CDT
This is a joke, but I'm not laughing. Reply
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+1
Reader60610265
Oct 1, 09 8:40 AM CDT
I'll believe it when I see it happen. Reply
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+1

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