IMF sees major slowdown for global economy. - The International Monetary Fund (IMF) is predicting a major slowdown for the global economy in 2009. It has sharply cuts its growth forecasts on the July figures to 3.0% growth for the global economy and 0.5% at most in advanced countries. The IMF's October 2008 World Economic Outlook (WEO) warns that 'the world economy is experiencing a major downturn in the face of the most dangerous financial shock in mature markets since the 1930s'. The IMF...