http://rawstory.com/news/afp/IMF_predicts_US_recession_report_04012008.html
IMF predicts US recession: report
AFP
Published: Tuesday April 1, 2008
The International Monetary Fund will next week forecast that the US
economy will go into recession this year, a German newspaper reported
Tuesday, citing a report to be released next week.
The US economy will experience at least two successive quarters of
negative growth -- the technical definition of a recession -- and will
grow only half a percent over the whole of 2008, weekly Die Zeit
reported.
Previously the IMF, which will release the report at its spring
meeting together with the World Bank next week, had forecast US growth
this year of around 1.5 percent, the newspaper said.
The IMF will also lower its forecast for world growth from the current
4.1 percent, Die Zeit said.