IMF Revises World Economic Outlook

In the most severe recession since World War II, the global economy is projected to shrink by 1.3 percent in 2009, with a slow recovery expected to take hold next year, according to the IMF’s April World Economic Outlook (WEO).

* World output projected to decline by 1.3 percent in 2009
* Need for sustained policy response to tackle financial sector, support demand
* With strong policies, growth could reemerge in 2010

LEER MAS