Most rich nations stagnant or near recession -IMF

By Lesley Wroughton WASHINGTON (Reuters) - Most of the world's developed countries are at an economic standstill or on the brink of recession and policy-makers need to take aggressive action to avert a deep global downturn, a top IMF official said on Thursday. "Nearing the end of the year's third quarter, most advanced economies are either virtually stagnant or on the verge of recession, while underlying... [read full story]                    

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