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IMF to cut global growth forecast for 2012 and 2013
05-10-2012 08:23
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Although International Monetary Fund (IMF) Managing Director Christine Lagarde already admitted last week that organisation would be cutting global growth forecasts for 2012 and 2013, Handelsblatt reports that it already has the numbers.
According to the German paper, the IMF will reduce the global gross domestic product (GPD) growth forecast to 3.3% this year, down from the prior 3.4% estimate.
In 2013, growth will accelerate to 3.6%, though still below the prior expectation of a 3.9% rise.
The Eurozone is also expected to contract 0.4% in 2012 and grow 0.2% the following year. In 2013, the IMF expects 8.2% growth in China, down from the prior 8.4% forecast.
SC
According to the German paper, the IMF will reduce the global gross domestic product (GPD) growth forecast to 3.3% this year, down from the prior 3.4% estimate.
In 2013, growth will accelerate to 3.6%, though still below the prior expectation of a 3.9% rise.
The Eurozone is also expected to contract 0.4% in 2012 and grow 0.2% the following year. In 2013, the IMF expects 8.2% growth in China, down from the prior 8.4% forecast.
SC
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