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Old 04-22-2009, 12:59 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
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NPR.org, April 22, 2009 · The world economy is likely to shrink this year for the first time in six decades.
The International Monetary Fund projected the 1.3 percent drop in a dour forecast released Wednesday. That could leave at least 10 million more people around the world jobless, some private economists said.
"By any measure, this downturn represents by far the deepest global recession since the Great Depression," the IMF said in its latest World Economic Outlook. "All corners of the globe are being affected."
The new forecast of a decline in global economic activity for 2009 is much weaker than the 0.5 percent growth the IMF had estimated in January (article continued at IMF: World Economy Poised For Big Drop In 2009 : NPR (http://www.npr.org/templates/story/story.php?storyId=103366666&ft=1&f=1001 - broken link) )
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