Financial Crisis to be Less Costly than Forecast
Financial Crisis to be Less Costly than Forecast
The following is a summary of the main economic events from the
Asia-Pacific and European sessions: IMF says losses from the
financial crisis will likely total $3.4 trillion, which is $600
billion less than its prediction in April; adds that government and
central bank actions have helped reduce systemic risks, but warns
that great care will be needed when enacting exit strategies.
Handelsblatt: IMF to raise 2009 global growth forecast to -1.1%
from -1.4%; projected growth for next year will
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