IMF to issue report: financial crisis restricts the economy for at least 7 years

Published: 24 Sep 2009 21:43:09 PST

Sep. 25 MetalBiz--IMF intends to state in the report to be released early October that the attack to economic development brought about by the global financial crisis will last for at least seven years, and reforming the structure will probably reduce the blow's effect.

According to the report, "Although economy is recovering and growing, the beat from the financial crisis will be long-term," IMF showed. "During the coming seven years after the close of crisis, averagely speaking, the economic yielding decreases by 10% than the long-term level," the report points out.

The economists of IMF arrive at the above conclusion reviewing 88 financial crisis in many countries in the past 4 decades. The report is one chapter of World Economy Outlook (WEO), which is announced on October 1, 2009.