Wednesday, July 30, 2008

IMF predicts no end in sight to credit crisis

The International Monetary Fund (IMF) says there's no end in sight to the credit crisis gripping world financial markets.

The IMF has a particularly gloomy assessment of the US economy, and it came on the same day as the Bush administration revealed America's budget deficit will climb to a record high of more than half-a-Trillion dollars.

[Australian Broadcasting Corporation]

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