Video: imf: world economy enters "dangerous new phase"

The International Monetary Fund has said the global economy is in a "dangerous new phase" this week.

The IMF comments arrive as Standard & Poor lowers Italy's debt rating, in a week where financial forecasts are looking gloomy. On Monday, President Obama proposed $3 trillion of spending cuts and tax increases to help the US economy recover, but the IMF has downgraded its oulook for both the USA and Europe.

Watch the full video report on TheMoveChannel.tv:

http://www.themovechannel.tv/2011/09/imf-world-economy-enters-dangerous-new-phase/