IMF predicts global economy to worsen in 2009

Per BBC, global economic output will decline 1.3 percent and advanced economies will weaken 3.8 percent in 2009, according to a new report released by the International Monetary Fund (IMF). The IMF says the world is currently experiencing "by far the deepest post-World War II recession."

The news quickly circulated worldwide on Twitter.

1. 
   farazq (New York, N.Y.) IMF finally figures out there is a world recession. Is this seriously "breaking news"? http://twurl.nl/oibx4o 22 Apr 2009 from TweetDeck
2. 
   cmail (Brisbane, Australia) More Aussie jobs to go - IMF: AUSTRALIA's jobless rate is tipped to soar to 6.8 per cent this year – or roughly.. http://tinyurl.com/c7zvq5 22 Apr 2009 from twitterfeed
3. 
   arjunghosh (New Delhi, India) bad news again RT @ReutersIndia: TOP NEWS: World economy in severe recession, IMF says http://r.reuters.com/wef44c 22 Apr 2009 from TweetDeck
4. 
   calvin141170 (West Cork, Ireland) Sounds like the IMF is saying that Ireland is basically f***ed: €24 billion to stabilise banking system, or 13.9% of GDP. Not good :-( 22 Apr 2009 from TweetDeck
5. 
   yckong (Shanghai, China) IMF slashes outlook for global economy: The global economy will contract sharply this year and recover only slug.. http://tinyurl.com/ckcbdv 22 Apr 2009 from twitterfeed

Not all interpreted the report the same way, however.

1. 
   englishidiot (Undisclosed) When the IMF get their sums wrong or release the wrong figures, you have to wonder if there is really anybody in charge up there. 22 Apr 2009 from web
2. 
   spitzenburg (St. Louis & Sugar Grove, N.C.) The IMF sees a "shift toward recovery" - YESSS. http://bit.ly/M30zu 22 Apr 2009 from TweetDeck

One Twitterer offered a potential solution to the looming crisis.

1. 
   alterquest (Queensland, Australia) IMF says "world economy is going to get worse." We say " Why not scrap the old system, get a global currency & make a new economic system?" 22 Apr 2009 from web

IMF predicts global economy to worsen in 2009