IMF: WORLD FACING LOWEST GROWTH SINCE WWII

Jan 28/09.  World growth is to slow to its lowest level in 60 years according to an International Monetary Fund report.

Jan 28/09.  The global economic crisis could claim up to 50 million jobs worldwide by the end of this year, according to a report presented by the UN's International Labour Organisation (ILO) on Wednesday (28 January).  – euobserver/com

WorldNetDaily

Jan 28/09. A call to utilize the current global economic crisis as a panic in which governments worldwide can move to nationalize banks is emerging from the 2009 World Economic Forum in Davos, Switzerland.

The forum's founder, Klaus Schwab, told CNN yesterday the current global economic slowdown is a "transformational crisis" that should be utilized to shape a "new world."

"Above all else this is a crisis of confidence," Schwab said. "To restore confidence you have to establish signposts that the world after the crisis will be different. We have to create a new world and that is what Davos 2009 will be all about – serving society."

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