IMF Warns of Global Recession
The International Monetary Fund (IMF) has issued a forecast indicating that the world economy will contract this year for the first time in three decades. This contrasts an earlier IMF prediction suggesting minimal growth of 0.5 percent for the year. More
German Exports Fall by 20%
Germany’s exports for the month of January fell by 20.7 percent compared to the same month one year earlier. As one of the world’s largest exporters, Germany has been hurt by decreased demand from its traditional customers in the US and Europe. More
Bernanke Calls for More Regulations
Federal Reserve Chairman Ben Bernanke – in a speech before the Council on Foreign Relations – called for an “overhaul” of the country’s financial institutions.
“We must have a strategy that regulates the financial system as a whole, in a holistic way, not just its individual components,” Bernanke told conference attendees. More
Stock Futures Higher Prior to Open
An increase in stock futures ahead of this morning’s opening suggests that markets in North America could rebound after several days of losses. More
