For those that don't know it, Australia is also part of the worlds economy.
IMF warns recession risk is alarmingly high Updated Tue Oct 9, 2012 1:31pm AEDT
The International Monetary Fund has again cut its predictions for the global economy, tipping the slowest growth since the peak of the global financial crisis in 2009. The IMF expects the world economy to grow by 3.3 per cent this year, down from 3.5 per cent.
