IMF cuts global growth forecasts

 
 
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Tuesday October 08 2013
 
 
Breaking news
 
IMF cuts global growth forecasts
 
The world will "settle into a subdued medium-term growth trajectory" unless leading economies change course to improve prospects for recovery, the International Monetary Fund warned on Tuesday in its World Economic Outlook. Launching its twice-yearly forecasts, the fund trimmed its predictions of global expansion for 2013 and 2014 with all of the downgrade coming from weaker prospects in emerging economies. It still expected a "modest acceleration of activity" next year led by advanced economies, many of which could boast upgrades to their outlooks.
 
 
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