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?

Credits

Guests:
Simon Johnson - Massachusetts Institute of Technology - @baselinescene, David Malpass - Chief Economist, Bear Stearns, Desmond Lachman - former Deputy Director of the Policy and Review, International Monetary Fund, Bill Emmott - former Editor in Chief, The Economist

Host:
Warren Olney

Producers:
Frances Anderton, Christian Bordal, Dan Konecky