The International Monetary Fund figures out another global financial meltdown within few years from now. The chief economist of IMF does not rule out the impossibility of recession.
The countries all over the world should maintain and have the control over their economic expenditure. As said by the Olivier Blanchard, who is the economic councellor of IMF.
The IMF said that there were major risks for the international revival due to the problems coming out from the debt that Europe is under.
The IMF has already cut short the Gross Domestic Product (GDP) for the year 2011 for the countries like Japan, Canada, Britain, GDP growth forecasts for Britain, Canada and the rising economies of the world.
The recent recession of 2007-2010 is supposed to be the worst financial crisis after the Great Depression, as what many economists state. As it saw, a fall down of many bigger financial institutions, housing market of many places suffer, etc.
Read more on what IMF foresees here
