Source : TODAY, Friday, September 14, 2007
The home loan crisis will cause just a modest slowdown of the United States economy and have a limited impact on the rest of the world, the International Monetary Fund’s chief economist said on Wednesday.
“It’s an important wake-up call for all of us,” said Simon Johnson.
But he reiterated that the economic fundamentals remained good and that the effects of the sub-prime crisis on the real economy remained limited.
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