news bulletin – answers

IMF praises rate cuts

questions

1. What was led by the US Reserve? a coordinated interest rate cut
2. What kind of ‘step’ was this? a step in the right direction
3. What may still be needed? more action
4. What was unprecedented? global market turmoil
5. What does the IMF hope? that more is done
6. What is happening to some industrialised nations? they are spiralling into recession
7. What did the IMF offer? assurances
8. What will governments be forced to adopt? a fairly coherent plan
9. How possible is the risk of a great depression? nearly nil
10. Where will the United States and Europe be according to IMF forecasts? in or on the brink of a recession