Is the US Leading the Way to a Global Recession?

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The International Monetary Fund says America's financial crisis is so bad it will damage the rest of the world -- except for the Middle East and Asia. This as finance ministers from the major industrialized countries have gathered in Washington to figure out what to do. Not everybody's as pessimistic as the IMF, but nobody doubts that there's trouble ahead. Is the global economy faced with another Great Depression? How worried should Americans be? What should be done, and will there be winners as well as losers, both at home and abroad?




Warren Olney