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To: Len Giammetta who wrote (128)	9/30/1998 6:38:00 PM
From: Len Giammetta	Read Replies (1) of 805

<Off Topic> Follow-up on World Economic Outlook from the IMF... IMF Says Global Recession Possible WASHINGTON (AP) -- Worldwide economic turmoil has cost millions of jobs and more than $600 billion in output -- the equivalent of a country the size of Canada shutting down for a year, the International Monetary Fund said today. The agency also warned that global recession can't be ruled out, especially if the U.S. economy weakens more than expected. In a sobering assessment, the IMF slashed its economic forecast, predicting the global economy will slow to a 2 percent growth rate this year, the poorest showing in seven years. The world's economy will only slightly rebound to 2.5 percent growth in 1999, it said.

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