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Economy
In reply to the discussion: Weekend Economists Host a Lion July 5-7, 2013 [View all]xchrom
(108,903 posts)45. IMF May Cut Global Growth Forecast as Emerging Markets Slow
http://www.bloomberg.com/news/2013-07-07/imf-may-cut-global-growth-forecast-as-emerging-markets-slow.html
The International Monetary Fund may cut its global growth forecast because the expansion of emerging market economies is slowing, Managing Director Christine Lagarde said.
The Washington-based fund predicted in April that the world economy would expand 3.3 percent this year.
I fear, given what were seeing in particular in emerging countries, not the developing and low-income countries but emerging countries, that we will be slightly below that, Lagarde told a conference in Aix-en-Provence, France.
The IMF is scheduled to publish new forecasts later this week.
The International Monetary Fund may cut its global growth forecast because the expansion of emerging market economies is slowing, Managing Director Christine Lagarde said.
The Washington-based fund predicted in April that the world economy would expand 3.3 percent this year.
I fear, given what were seeing in particular in emerging countries, not the developing and low-income countries but emerging countries, that we will be slightly below that, Lagarde told a conference in Aix-en-Provence, France.
The IMF is scheduled to publish new forecasts later this week.
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