UK to fare worst in recession, says IMF

The United Kingdom is facing the deepest recession of any big industrialised economy, the International Monetary Fund signalled in a report published on the 28 January 2009. It said that the UK economy would shrink 2.8% in 2009.

IMF: Press Release, 28.1.09: World Economic Outlook: World Growth Grinds to Virtual Halt, IMF Urges Decisive Global Policy Response http://www.imf.org/external/pubs/ft/survey/so/2009/RES012809A.htm

BBC News, 28.1.09: World growth 'worst for 60 years' http://news.bbc.co.uk/1/hi/business/7856020.stm

Deutsche Welle, 28.1.09: IMF: World Suffering Worst Downturn in Postwar Era http://www.dw-world.de/dw/article/0,,3982994,00.html

---