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IMF: worst financial crisis since 1930s [Copy link] 中文

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Post time 2008-10-9 11:10:45 |Display all floors
The world is facing a worst financial crisis since 1930s.

On Oct. 10, IMF announced prediction that U.S., Japan and Euro region’s growth will be nearly zero. U.S. growth may be at most 0.1%, which is the worst report since 1991.

The most optimistic prediction of recovery is in the latter half of 2009, when the world economy may have a growth around 3%. But Euro region, Britain and U.S. will be worse.

Japan will not bear such hit but prolong its slowdown period.

China will slowdown in the recent two years, but maintain as high as 9.7% and 9.3%.
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Post time 2008-10-9 11:17:51 |Display all floors
Originally posted by yuan_zcen at 2008-10-9 11:10
The world is facing a worst financial crisis since 1930s.

On Oct. 10, IMF announced prediction that U.S., Japan and Euro region’s growth will be nearly zero. U.S. growth may be at most 0.1%, wh ...


China's 9.7% means lots of mobile phones users & plenty of jobs making those phones
What's on your mind now........ooooooooooooooo la la....Kind Regards

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Post time 2008-10-9 11:37:42 |Display all floors

Reply #2 caringhk's post

China has 168 milliion vehicles! (today's People's Daily)

Even Russian Federation has booming car sales.
Let's see how British Club, Greater ASEAN, Russian + Energy Bloc protect against dramatic falls in commodity prices.

now industrial commodities are also falling.....


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Post time 2008-10-9 11:47:11 |Display all floors
If the prediction comes true, i'm afraid, it will mark a historic turning point of rise and sink...
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Post time 2008-10-9 11:53:26 |Display all floors

Reply #4 yuan_zcen's post

it marks the fall from economic no.1 of one empire.....transfered that to another empire....



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Post time 2008-10-9 13:01:05 |Display all floors
Originally posted by yuan_zcen at 2008-10-9 11:47
If the prediction comes true, i'm afraid, it will mark a historic turning point of rise and sink...


this is what i was saying all along

Good for savers
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Post time 2008-10-9 14:01:17 |Display all floors

Reply #6 caringhk's post

yet it does not mean a single thing......

a larger economy does not mean richer average individuals.
it does not even mean that the wealthier total size nation is technological superior?

that's still a lot of work to do!


ha ha ha


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