World faces slowdown in 2009, hopes pinned on bailouts (Reuters)

A stock dealer pauses during the final trading of the year at the Tokyo Stock Exchange in Tokyo December 30, 2008. (Issei Kato/Reuters)Reuters – Another day, another batch of warnings and data indicating the world will enter 2009 in the throes of a sharp economic slowdown, with governments scrambling to find ways to boost lending and spur growth.