Published: April 8th 2008 - at 5:24 pm

Credit crunch losses could hit $1 trillion


by Sunny Hundal    

Losses from the credit crisis by financial institutions worldwide are set to balloon to almost $1 trillion (£500 billion) threatening to trigger severe economic fallout, the International Monetary Fund said today.


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About the author
Sunny Hundal is editor of LC. Also: on Twitter, at Pickled Politics and Guardian CIF.
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Story Filed Under: Economy ,News


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