The National Post reports this morning that, "The world economy is likely to shrink to 'below zero' this year, in what many are now referring to as the 'Great Recession', the head of the International Monetary Fund said on Tuesday."
CONCERNS ABOUT CIVIL UNREST IN AFRICA
IMF Managing Director Dominique Strauss-Kahn told African political and financial leaders that, "This is not only about protecting economic growth and household incomes -- it is also about containing the threat of civil unrest, perhaps even war. It is about people and their futures."
SOCIAL-ECONOMIC GAINS IN AFRICA AT RISK
Additionally, the article reports that, "Tanzanian President Jakaya Kikwete said the crisis poses the greatest danger to Africa in recent history and threatens to reverse, even wipe out, hard won social-economic gains."