Looking for the bottom; but it’s not over yet …

The IMF is talking straight.  That’s good because we need to be realistic.  And realism will rejuvenate confidence.  False starts just create pain.

The IMF warns that the global recession is likely to be “unusually long and severe, and the recovery sluggish”.

See IMF’s World Economic Outlook (WEO) Crisis and Recovery April 2009 here.

BBC’s IMF sees long and severe slowdown here.