turbophon
Will the world economy grow or shrink in 2009??
Although exact numbers aren't in to settle this rather complex question, it is safe to assume that for 2009 the world economy shrank...though perhaps not as much as some had thought it would.
This statement seems to sum it up well:
"Meanwhile, consumption and investment
are gaining strength only slowly, as financial
conditions remain tight in many economies.
Thus, after contracting by about 1 percent in 2009, global activity is forecast to expand by
about 3 percent in 2010, which is well below the rates achieved before the crisis. These
projections reflect modest upward"
http://www.imf.org/external/pubs/ft/weo/2009/02/pdf/exesum.pdf
Background:
Settlement details:As reported by the IMF
http://www.imf.org/external/pubs/ft/weo/2008/update/03/index.htm
| grow |
| |||
| shrink |
|
- Activity: H$52,387 |
- Predictions: 50 |
Comments: 3
Suspend date: Thu 31st Dec 2009 3pm PST
Settlement date: Sat 30th Jan 8:43am PST
Prediction cut-off: Predictions on this question after Thu 31st Dec 2009 3pm PST have been voided because they were made after the question could be settled
Initial likelihoods: grow: 30%, shrink: 70%
Action history:
turbophon 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin"){kind=icon}
: Although exact numbers aren't in to settle this rather complex question, it is safe to assume that for 2009 the world economy shrank...though perhaps not as much as some had thought it would.
This statement seems to sum it up well:
"Meanwhile, consumption and investment
are gaining strength only slowly, as financial
conditions remain tight in many economies.
Thus, after contracting by about 1 percent in 2009, global activity is forecast to expand by
about 3 percent in 2010, which is well below the rates achieved before the crisis. These
projections reflect modest upward"
http://www.imf.org/external/pubs/ft/weo/2009/02/pdf/exesum.pdf
Suspend date: Thu 31st Dec 2009 3pm PST
Settlement date: Sat 30th Jan 8:43am PST
Prediction cut-off: Predictions on this question after Thu 31st Dec 2009 3pm PST have been voided because they were made after the question could be settled details 
Get widget!Predictions (50)
![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user"){kind=icon}
predicted grow (H$200 at 9%)
philculp
predicted shrink (H$5,000 at 87%)
predicted shrink (H$1,000 at 75%)Comments (3)
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A day after the heads of the 20 leading industrialized nations agreed to pump $1 trillion into the International Monetary Fund (IMF) to stimulate worldwide recovery, the White House revealed that President Barack Obama consented to the G-20 stimulus deal on the condition that the IMF be sold to Fiat, the Italian automaker, by the end of the month.
Just last week, the administration ordered Fiat to buy Chrysler, making the IMF the second failed enterprise this year to be gobbled up by the maker of the economical 3-door Grande Punto.
"The IMF is essentially an aggregation of a failed brands," said White House press secretary Robert Gibbs. "It loans money to a raft of toxic nations...or rather, legacy nations. The president believes that if Fiat can turn around Chrysler, we may have some hope for the IMF."
The president, who this week forced General Motors CEO Rick Wagoner to step down, has reportedly also considered terminating "whoever loused up Great Britain's economy."
Considering President Obama recently gave Prime Minister Gordon Brown a DVD set, and gave Queen Elizabeth II an iPod, it's anyone's guess which one he'll fire first.
"Based on his generous gifts, one can see that the president has deep affection for both the Queen and the Prime Minister," said Mr. Gibbs. "But President Obama has been elected to save the world, so Britons will just have to hope that God saves the Queen."
http://www.washingtonexaminer.com/opinion/columns/scottott/US-to-pump-in-cash-if-Fiat-buys-out-IMF--42379507.html
http://www.reuters.com/article/businessNews/idUSTRE55A3IR20090611?feedType=RSS&feedName=businessNews
"After a deep global recession, economic growth has turned positive ...."
- http://www.imf.org/external/pubs/ft/weo/2009/02/pdf/exesum.pdf
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