On November 3, 2008, the European Commission at Brussels predicted for 2009 an extremely weak growth of GDP, by 0.1%, for the countries of the Eurozone (France, Germany, Italy, Belgium etc.) and even negative number for the UK (−1.0%), Ireland and Spain. On November 6, the IMF at Washington, D.C., launched numbers predicting a worldwide recession by −0.3% for 2009, averaged over the developed economies. On the same day, the Bank of England and the European Central Bank, respectively, reduced their interest rates from 4.5% down to 3%, and from 3.75% down to 3.25%. As a consequence, starting from November 2008, several countries launched large "help packages" for their economies.
On November 3, 2008, who predicted extremely weak GDP growth for the Eurozone in 2009? How much did the European Commission estimate the GDP growth for Eurozone countries would be in 2009? How much did the European Commission estimate the GDP growth for the UK would be in 2009? On November 6, in Washington, D.C., who predicted a worldwide recession for 2009? On November 5, 2008, the Bank of England reduced their interest rate from 4.5% to what?