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Message: INDUSTRY BULLETIN - AGORACOM Reports Shows Search for “Gold Stocks” By US Investors Skyrockets

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Re: INDUSTRY BULLETIN - AGORACOM Reports Shows Search for “Gold Stocks” By US Investors Skyrockets

posted on Oct 10, 08 04:48AM

The world economy is now expected to expand at a 3.9% pace in 2008, down from the estimate of 4.1% in July. The 2009 forecast was slashed from 3.9% to 3%, which would be the weakest level since 2002 and near the threshold of what the IMF considers a global recession.

While the IMF still expects a recovery to begin late next year, it warned there are "considerable downside risks" to that scenario, which assumes U.S. and European governments will succeed in their efforts to stabilize markets.

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