On April 2nd he told a congressional committee that output was unlikely to "grow much, if at all, over the first half of 2008 and could even contract slightly."
The global Economic Prospects update also notes that global growth is expected to contract by 1.7 percent this year. This would be the first decline in world output since world War II.
The new Global Economic Prospects update also notes that global growth is expected to contract by 1.7 percent this year. This would be the first decline in world output since World War II.