Economic Conditions and Trends – Page 48

Pressure Mounts on China to Offer Debt Relief to Poor Countries Facing Default

There was optimism at the spring meetings of the I.M.F. and World Bank that China will make concessions over restructuring its loans.

Some are expanding in China, reluctant to leave a huge market they need to finance operations back home.

The International Monetary Fund says a painful slowdown, which could include a recession, has become a bigger risk for the global economy.

The International Monetary Fund says a painful slowdown, which could include a recession, has become a bigger risk for the global economy.

As recession fears persist, the troubles in major industries have hurt tax revenues, turning the state’s $100 billion surplus into a deficit.