IMF's Report On Credit Crunch: Bleak


	IMF's Report On Credit Crunch: Bleak

Tina Russo

4-9-2008 8:53 AM

1259 views

tags:

imf, international monetary fund, credit crunch, economy, banks, subprime market

Tina Russo says:

According to the IMF, economic consequences are likely to be broader, deeper and more protracted than expected. Read more here.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e8107e91-4011-4a57-a9bb-2c506268ca9d/B0426917-D15A-4042-AFF6-B029B79958BE/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.usatoday.com/money/economy/2008-04-08-imf-economy-mortgage-losses_N.htm" href="http://www.usatoday.com/money/economy/2008-04-08-imf-economy-mortgage-losses_N.htm" style="font-size: 11px;">www.usatoday.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.usatoday.com/money/economy/2008-04-08-imf-economy-mortgage-losses_N.htm">The global credit crunch that began in the United States is spreading well beyond mortgage markets and will result in losses of nearly $1 trillion worldwide, according to the International Monetary Fund.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.usatoday.com/money/economy/2008-04-08-imf-economy-mortgage-losses_N.htm">The new IMF estimate is the latest indication that the crisis, which caught authorities by surprise last summer, continues to worsen.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.usatoday.com/money/economy/2008-04-08-imf-economy-mortgage-losses_N.htm">Now, it warns that credit market disruptions and a weak U.S. economy are feeding upon each other in a downward spiral. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B0426917-D15A-4042-AFF6-B029B79958BE/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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