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Old 07-28-2008, 12:20 PM
 
3,269 posts, read 9,076,659 times
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From BBC news

The global credit crunch shows no signs of abating, according to the International Monetary Fund (IMF).

In its latest global financial stability report, the IMF says that falling house prices and slowing economic growth are hitting credit.

It warns that banks are under renewed stress, and further cutbacks in bank lending could deepen the slowdown.

The IMF also says that emerging markets like China may also suffer more pain in the future from the credit crunch.

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