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Global economy to
contract 0.4 pct in 2009: IIF …. Euro and US dollar banknotes
pictured among Asian currencies in Hong Kong. The global economy
appears likely to contract next year for the first time in decades
as the financial crisis bites, an international banking group said
Thursday.
(AFP/File/Laurent Fievet)
Thu Dec 18, 3:30 PM ET
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A Kuwaiti trader follows the market's
movement at the Stock Exchange in Kuwait City. The global economy
likely will contract next year for the first time in decades in a
"severe" recession as the credit crunch bites, an international
banking group said.
(AFP/File/Yasser al-Zayyat)
Fri Dec 19, 3:22 AM ET
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