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World likely to emerge in early 2010: IMF chief

By Purnima

The head of the International Monetary Fund on Friday expressed that the global economy is likely to emerge out of the current fiscal crisis early next year. The global recession worldwide, known as the worst since The Great Depression of the early 1930s, has so far hit almost all the sectors of the market,... »

IMF Warns of Far-reaching Effects of Finance Crisis

By Kalyani Mukherjee

The International Monetary Fund has warned that if the governments of major economies do not take co-ordinated measures to deal with the global finance crisis, its crippling effects could spill over to emerging markets. In its Global Financial Report, the IMF forecast a gloomy picture for the world economy and declared that the situation had... »

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