IMF: Losses from credit crisis mount

The International Monetary Fund said worldwide financial institutions could suffer more than $4 trillion in losses from the global credit crisis.

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April 22, 2009 09:33

 
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The International Monetary Fund said Tuesday worldwide financial institutions could suffer more than $4 trillion in losses from the global credit crisis, with the United States leading the way with a total of $2.7t. The $2.7 trillion estimate for the US was nearly double the IMF's projection from just six months ago. The agency for the first time estimated losses for other regions of the world, saying the global total could surpass $4t.

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