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IMF FORECASTS STABILIZATION OF GLOBAL ECONOMY 2009-END
Focus News
Nov 24 2008
Bulgaria
Yerevan. Speaking at a press conference in Yerevan, International
Monetary Fund Deputy Managing Director Murilo Portugal said the
financial institution forecast that the first signs of stabilization
of the global economy would be noticed towards the end of 2009,
Interfax reports.
"Our evaluations say that the peak of the financial crisis - October -
has already passed," he said, adding the global financial crisis had
been in progress for 15 months now.
Focus News
Nov 24 2008
Bulgaria
Yerevan. Speaking at a press conference in Yerevan, International
Monetary Fund Deputy Managing Director Murilo Portugal said the
financial institution forecast that the first signs of stabilization
of the global economy would be noticed towards the end of 2009,
Interfax reports.
"Our evaluations say that the peak of the financial crisis - October -
has already passed," he said, adding the global financial crisis had
been in progress for 15 months now.