Latest IMF Forecasts: Global Recession Set to Ease

The International Monetary Fund (IMF), in its updated economic outlook, warned that with emergency oil reserves dwindling and government budgets under pressure, the global economy may soon be tested beyond its limits of resilience.

The International Monetary Fund (IMF) has warned that the global economy may soon test the limits of its resilience as emergency oil reserves dwindle and government budgets come under pressure.