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IMF in 'severe downturn' warning
in its study it said could ushernment and decisive policy measures were now needed to restore financial econfidence .
in the report the imf also warned that the turmoil so far largely confined to the financial sector was likely to spread .
the imf report comes before this week's imf-world bank meeting in the us .
the reconomic slowdownturn in many countries is likely to worsent as the financial crisis continues, the international monetary fund (imf) has warned .
the worldwide economy has been hit by high commodity perices, the housing slump and the growing financial crisis .
imf worldwide reconomic outlook .
Generated 2008-10-23_10:9
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