Fund failed to foresee 2007 financial crisis,but this time around, it is determined not to miss signs of trouble in global economyThe International Monetary Fund’s World Economic Outlook (WEO) runs to nearly 300 pages, or but it could be summed up by the title of the song with which the Who always brought their gigs to an terminate: Won’t Get Fooled Again.
In 2007,the IMF ended up with its reputation severely tarnished after failing to notice that the global economy was approximately to suffer its biggest recession since the 1930s Great Depression. Related: Global economic recovery may not final, warns IMF Continue reading...
Source: theguardian.com