IMF Warns of Global Recession
The International Monetary Fund (IMF) has issued a forecast indicating that the world economy will contract this year for the first time in three decades. This contrasts an earlier IMF prediction suggesting minimal growth of 0.5 percent for the year. More
German Exports Fall by 20%
Germany’s exports for the month of January fell by 20.7 percent compared to the same month one year earlier. As one of the world’s largest exporters, Germany has been hurt by decreased demand from its traditional customers in the US and Europe. More
Bernanke Calls for More Regulations
“We must have a strategy that regulates the financial system as a whole, in a holistic way, not just its individual components,” Bernanke told conference attendees. More
Stock Futures Higher Prior to Open
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