zaterdag 3 oktober 2009

IMF and World Bank warn for serious consequences of the credit crunch


The credit crunch has not been over yet, the IMF and the World Bank expect that still a lot of risks will harm the economy. The IMF anticipates that the unemployment in the euro area will increase almost 12% until 2011. The World Bank asked to help the developing countries to stimulate their domestic demand so they can also evolve to a more stable economy. The banking institutions have their annual meeting on 6 and 7 October where they will look for further solutions for the credit crunch.

Source: http://www.destandaard.be/Artikel/Detail.aspx?artikelId=DMF20091002_053

Maggelien De Smul

1 opmerking:

EcoEnglish zei

Focus is clear (IMF, WB and the economic crisis), yet the text confuses at times.

Tense use in S1: is not over yet

abrupt link in S1: change the comma into a colon: ... is not over yet: the IMF...

S2: unemployment (not 'the' unemployment)

detail: S2: euro zone (more common than euro area)

S2: unclear: will increase to 12% or by 12%?

S3: unclear: The World Bank asked donor countries? asked third world countries? was asked to?

S4: unclear: the banking institutions (IMF and WB or national banks?) Strictly speaking, the IMF is not a bank.

The potential confusion makes this post below par.