Washington, Nov 28. The International Monetary Fund (IMF) predicted a new turmoil on international markets as a consequence of the US mortgage crisis. IMF Spokesman Masud Ahmed told reporters that the market is very sensitive, due to the real estate crisis in the United States. He pointed out that the interventions of central banks, which injected cash into financial institutions, would help to palliate the slowdown of the US economy. The IMF, which has 185 member countries, controls the world's financial system and offers assistance to nations during financial crisis under certain conditions. US analysts noted that credit contractions, due to the mortgage crisis in the United States, are undermining investors' confidence in the financial market. |
Thursday, December 13, 2007
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