The IMF now sees the global economy slowing to 3.7% this year and 2.2% next - well below the 3%...

|By:, SA News Editor

The IMF now sees the global economy slowing to 3.7% this year and 2.2% next - well below the 3% level it sees as the threshold for a world recession. Advanced economies will shrink by 0.3% in 2009 it says, calling for monetary easing and further fiscal stimulus.