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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