Some Believe Global Economic Recovery Could Start Later

摘要

Hopes that a global economic recovery would begin to take hold in the second half of this year and entrench in 2010 were dismissed as a Calgary oil conference heard that the sheer depth of the crisis and a second round of United States economic upheaval could delay a revival until at least 2011.rnIn the past, the International Monetary Fund (IMF) has said that global gross domestic product (GDP) growth of less than three per cent implied a world recession, so its latest 2009 forecast of 0.5% growth released in January was an eye-opener for Peter Hall, vice-president and chief economist for Export Development Canada.