Industry NewsMarkets & Economy

IMF: Global recession can be averted

2009 bottom seen for U.S. housing
Published on Oct 9, 2008

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

The International Monetary Fund projects a global recession can still be averted if financial markets stabilize and U.S. housing markets bottom out in 2009.

The financial crisis that began in U.S. housing markets has the world teetering on "the cusp of a global recession," according to a top IMF official at the International Monetary Fund.