IMF positive about the future

IMF positive about the future

Friday, May 16, 2008

The head of the IMF has revealed some positive news about the global credit crunch…

Speaking to a European Parliament committee in Brussels, Dominique Strauss-Kahn, the IMF's managing director, commented: “There are good reasons to believe the worst news is behind us, but the effects of the turmoil on the broader economy will be felt for some time and a recovery in the US depends upon house prices picking up.

In April, the IMF gave a pessimistic forecast for the global economy as a result of the credit crunch. It said world economic growth would slow to 3.7% in 2008 and 2009, 1.25% lower than growth in 2007.

The IMF forecasts that the US economy will grow by just 0.5% during 2008 and will suffer a mild recession in the first half of the year. However, there are hopes that many of the world's biggest banks and financial institutions are drawing a line under credit crunch losses and have now disclosed the full extent of their exposure to the US sub-prime mortgage market and other high-risk loans.

CLICK HERE TO PRINT THIS PAGE

CLICK HERE FOR OUR FULL NEWS ARCHIVE

Get this news on your website !

If you have a website, whether it is a personal homepage or a fully fledged estate agent service, you can get our news headlines included on your site. Both these newsfeed services give you the option of having the full news content from TheMoveChannel.com - not just the articles that appear on country subdomains such as this one:

Premium service

For just £50 / month, you can now have your own customised news service on your website. With the XML-based service, articles actually appear on a page on your site, making this a sticky feature that won't result in your traffic leaving. You have control over the display format to show your choice of headlines, dates and short article introductions and can apply your own style sheet or control the display format with XSL sheets. Finally, you can also set your subject preferences so that your feed only displays articles which are relevant to your site audience.

Top News Stories:

Investment Property Watch - April 2008
4/14/2008 - There were surprises galore in TMC's 'Investment Property Watch' for March...

Investment Property Watch – March 2008
3/14/2008 - Real estate in far-flung destinations was hugely popular in February on TheMoveChannel.com...

Ailing USA bursts into the ‘Top of the Props’ top 5!
12/6/2007 - Interest in the USA from visitors to TheMoveChannel.com has surprising soared over the last month...

Sponsored listings:


All countries	Spain	Portugal	uk	Italy	Greece	Croatia	Malta	Cyprus	Turkey	Investment


Privacy policy Terms of use Support Bookmark now! Gibraltar index						TheMoveChannel.com is a protected Trademark. Copyright © 2000 - 2008 On The Move Ltd. All rights reserved.