Thursday, April 23, 2009

IMF says recession is deepening

No recovery until the year 2010, world economy is going to contract 1.3% this year. Singapore will contract as much as 10%. The whole world is sick, from America to Europe to japan. Only china and India is expected to post better growth. But can we depend on them to pull out of this crisis? Fat hopes...my bet is the next epicenter of the crisis will come from one of this 2 countries.


-- Post From My iPhone

No comments: