IMF: UK to be worst hit in global economic downturn

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IMF: UK to be worst hit in global economic downturn

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10-08-2008, 09:24 PM

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IMF: UK to be worst hit in global economic downturn

The International Monetary Fund (IMF) has warned that the UK faces its most severe economic downturn since the collapse of the early 1990s. In its latest bi-annual World Economic Outlook report, the IMF predicted that the UK will be the worst hit out of the world’s leading rich economies, due to the ongoing financial turmoil and [...]

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