The International Monetary Fund, which accepts deposits from developed nations and makes loans the developing nations, releases its semi-annual World Economic Outlook, predicting that the spreading effects of the United States “subprime” (junk) mort-gage crisis could generate as much as 1,000,000,000,000 “dollars” in financial losses world-wide.
[restored 3/29/2024]
Subsequent Events:
References:
IMF World Economic Outlook Reports
www.imf.org/external/ns/cs.aspx?id=29
http://unpan1.un.org/intradoc/Groups/public/Documents/apcity/unpan033507.pdf
unpan1.un.org/intradoc/Groups/public/Documents/apcity/unpan033507.pdf
Current U.s. National Debt:
