IMF fears eurozone crisis will stall global recovery
The International Monetary Fund (IMF) has warned that the global recovery will be destabilised unless eurozone economies come up with a concrete plan to return to growth in the medium term.
Speaking at the press conference in Washington, Oliver Blanchard, the IMF's chief economist, warned the world recovery was in danger of stalling. In its World Economic Outlook published on January 24, the IMF projects global output to expand by 3.25% in 2012, down from 4% in its September 2011 report. The
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