Saturday October 31, 2020

IMF cuts global outlook, warns on US shutdown

The IMF cut its global outlook for this year and next as capital outflows further weaken emerging markets and warned that a US government default could “seriously damage” the world economy.

8th October, 2013
IMF: “Advanced economies are gradually strengthening”.

The International Monetary Fund cut its global outlook for this year and next as capital outflows further weaken emerging markets and warned that a US government default could “seriously damage” the world economy.

Growth worldwide will be 2.9 per cent this year and 3.6 per cent next year, the IMF said in a report released today in Washington, compared with July predictions of 3.1 per cent for 2013 and 3.8 per cent for...

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