tag imf 
Trends in the Living Networks
MAY 25, 2009
The IMF estimates that the countries have over the last years saved over $1 trillion from oil sales. Tags: Global economy. The region was hit a perfect storm. Inflated asset prices fell, credit markets dried up, oil prices and slumped. However we believe that the GCC countries will weather the storm well.
Trends in the Living Networks
MAY 24, 2009
The IMF now predicts $4 trillion of bad debt. Tags: Future of business Global economy paulkrugman. The crisis was far more global than those that point to US mortgage lending as the source. European debt losses will probably be as large as those in the US. There was an epidemic of excessive borrowing across all domains.
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