Reuters: As credit turmoil grows, U.S. heads for recession: IMF

[chris]

As credit turmoil grows, U.S. heads for recession: IMF
      

WASHINGTON (Reuters) - The U.S. economy is headed for recession this year and there is a 25 percent chance world growth will drop to 3.0 percent or less, a level that would be considered recessionary, the International Monetary Fund said on Wednesday.
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