We have just bid farewell to 2008, the year that marked the escalation of the global financial crisis which wreaked havoc on economies worldwide and caused several industrialised countries to slide into recession.
But 2009 holds even greater challenges as the world lives through the effects of the financial crisis. The International Monetary Fund chief Dominique Strauss-Kahn said in a recent interview with BBC radio that the organisation was going to cut its economic growth forecasts, due this month.
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