After 250 years, do US citizens still believe in the American Dream?
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Historian Heather Cox Richardson on what history tells us about modern
America
3 hours ago
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Wednesday, October 10, 2012
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"We expect action and we expect courageous and cooperative action on the part of our members," Lagarde told reporters ahead of the IMF's twice-yearly meetings in Tokyo.
ReplyDeleteThe slowdown has not spared emerging market economies, which were instrumental in pulling the global economy out of recession in 2009. Brazil cut interest rates on Wednesday and South Korea on Thursday.
"Developing countries, which have been the engine of growth, will not be immune the increased uncertainty in the global economy," said World Bank President Jim Yong Kim.