The global meltdown is expected to cost the world over four trillion dollars because there is over six million job losses in US alone. There are at least 10000 factory closures across US , Europe, Japan and China, which are expected to knock of over 2 trillion dollars of loss over the next year.

Also because of the financial debacle in the developed world, the fund availability for the developing world and the under-developed world will crash, and that is expected to cost another two trillion dollar loss for these countries.

The IMF is predicting more civil disturbances in the under-developed and developing world due to the current economic recession. It is also foreseeing lot of food shortages across the African and Asian countries which could lead to loss of lives. It has asked the developed world to contribute more towards poverty alleviation in the African continent.