• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    IMF, World Bank & IFI Round-Up

    By Devex Editor // 29 January 2009

    On the opening day of the World Economic Forum in the Swiss resort of Davos, two of the world's most important economic institutes have issued stark warnings about the state of the world's economy. In its latest report, the International Monetary Fund (IMF) said the world economy is grinding to a halt as a consequence of the international financial crisis and predicted that growth would slow to just 0.5 percent this year. It is the lowest growth since the Second World War. In November, IMF economists said the world was in recession and had put global growth at 2.2 percent. A recession is defined as growth of less than 3 percent.

    • Economic Development
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Devex Editor

      Devex Editor

      Thanks a lot for your interest in Devex News. To share news and views, story ideas and press releases, please email editor@devex.com. We look forward to hearing from you.

    Search for articles

    Related Jobs

    • Individual Consultant for the Development of a Regional Strategy for Start Ups
      Southern Africa
    • Individual Consultant: Sales and Market Development – Burkina Faso
      Alliance for a Green Revolution in Africa (AGRA)
      Burkina Faso | West Africa
    • Individual Consultant: Sector Specialist (Microeconomics)
      Astana, Kazakhstan | Jakarta, Indonesia | Indonesia | Kazakhstan | Philippines | Central Asia | East Asia and Pacific | South Asia
    • See more

    Most Read

    • 1
      Opinion: Mobile credit, savings, and insurance can drive financial health
    • 2
      Strengthening health systems by measuring what really matters
    • 3
      Opinion: India’s bold leadership in turning the tide for TB
    • 4
      Reigniting momentum for maternal, newborn, and child health
    • 5
      Opinion: Why vision is key to unlocking global development potential

    Trending

    Financing for Development Conference

    The Trump Effect

    Newsletters

    Related Stories

    World Bank Spring MeetingsUS Treasury Secretary: US will stay engaged with World Bank, IMF

    US Treasury Secretary: US will stay engaged with World Bank, IMF

    Davos 2025World Economic Forum president and CEO on development’s role in Davos

    World Economic Forum president and CEO on development’s role in Davos

    World Bank Spring MeetingsWhat to watch at the 2025 World Bank-IMF Spring Meetings

    What to watch at the 2025 World Bank-IMF Spring Meetings

    Devex NewswireDevex Newswire: Jobs, nukes, and jitters at the World Bank Spring Meetings

    Devex Newswire: Jobs, nukes, and jitters at the World Bank Spring Meetings

    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement