"The current global recession is likely to be 'unusually long and severe, and the recovery sluggish,' the International Monetary Fund has warned."
"Slowdowns linked with financial crises tend to be severe, while synchronised slowdowns last longer, it said.
The current global crisis has also been strongly felt in emerging economies, it said in its World Economic Outlook.
The global links between financial sectors have intensified the speed the downturn has spread across the world.
But...................no mention of oil production or Peak Oil.
(Article and video)