IMF proposes to increase lending; World bank warns of a global slump

Published On: January 18, 2012 | Duration: 22 min, 35 sec

US Industrial output rebounded less than expected in December on the back of a fall in producer prices due to gasoline and food fall. Meanwhile, the FBI has has charged seven people for securities fraud and conspiracy as part of a five-year insider trading investigation. In Europe, the IMF has proposed to raise its lending capacity by $500 billion to insulate the global economy against any worsening of Europe's debt crisis. The World Bank has also warned developing countries that an escalation in the euro area debt crisis could tip the world into a slump like the 2008 global downturn.