Forex Investment and Currency Trading

A few weeks after releasing its semi-annual World Economic Outlook, the IMF found it necessary to publish a revised outlook following the developments in October. World growth for 2009 has been slashed to 2.2% (from 3.0%), with growth in advance economies expected to contract by 0.3%, the first annual decline during the postwar period. Canada will be one of the few major advance economies skirting a recession, with Europe, the UK, Japan and the US all expected to record negative growth in
2009. The IMF noted that “the economic outlook is exceptionally uncertain”, but added that despite “forceful policy responses”, “there are many reasons to remain concerned”, and, in the current environment, “upside risks are limited”.