IMF report: Global economy looks grim for 2012 - The Washington Post

The world economy is slowing sharply, and the euro region headed for recession this year, the International Monetary Fund predicted Tuesday in a bleak update of global conditions.

Overall, the world economy is expected to expand 3.25 percent in 2012 -- down from the 4 percent projected by the IMF in the fall.

via www.washingtonpost.com