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October 8, 2008

Olivier Blanchard, the International Monetary Fund's Economic Counsellor and Director of Research, during the World Economic Outlook (WEO) press conference, October 8, 2008 at the IMF Headquarters in Washington DC. The world economy is entering a major downturn in the face of the most dangerous financial shock in mature financial markets since the 1930s, according to the WEO. © IMF Staff Photographer Eugene Salazar
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