IMF warns no financial crisis is over with a “wasteland of unemployment”

Tuesday, September 14th 2010 - 03:50 UTC

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The global recession has created a “wasteland of unemployment” that is likely to leave scars on society for years to come, unless action is taken to address the jobs crisis, IMF Managing Director Dominique Strauss-Kahn warned. Read full article

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Forgetit87
Now that the crisis occurs in developed countries, the IMF is very concerned about saving jobs.

It was not like that when Asia or Latin American countries were receding. In such cases the IMF only advice was to cut government spending and increase taxes, two policies that combined would cause unemployment to climb and economic growth to contract.
Sep 15th, 2010 - 01:04 am - Link - Report abuse 0
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