IMF chief lowers global growth forecast at Davos
IMF Deputy Director Stanley Fischer said the world economy will grow about 3.5 percent this year, down from 4.2 percent, due to a U.S. slowdown. He warned the drop does not imply a global recession even as protesters clashed with police nearby at the World Economic Forum. Japanese PM Yoshiro Mori touted a near-complete rebound, though IMF officials warned Japan remains vulnerable.
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IMF
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Mori
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U.S. Federal
Gates Pledges $100 Million for AIDS Vaccine Effort
At Davos Bill Gates announced a $100 million gift to fund AIDS vaccine research and challenged the global elite to contribute. Yahoo! pledged $5 million over three years as the first corporate sponsor of the International AIDS Vaccine Initiative, amid Kenya moving to approve a vaccine trial in Nairobi. The article notes 5 million infections last year and discusses global protests outside the forum while leaders focus on stabilizing the world economy and potential U S tax policy changes.
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Davos
Switzerland
Microsoft
Bill Gates
World Economic Forum
Yahoo
Gates
Developing World
Seth Berkley
Africa
Nairobi
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