This is real scary. But this is what the greedy jerks got us into. It’s us the regular folks that suffer.
The IMF’s chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday.Olivier Blanchard also warned that the institution does not have the funds to solve every economic problem.
“The worst is yet to come,” Blanchard said in an interview with the Finanz und Wirtschaft newspaper, adding that “a lot of time is needed before the situation becomes normal.”
One year is a long time. Let’s hope for the best.
Tags: Economy, Financial Crisis, IMF, Olivier Blanchard, Politics
