Global growth outlook lowered
Source: Agencies |
July 17, 2012, Tuesday
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Print Edition
Print Edition
AN international lending organization has slightly lowered its outlook for global growth over the next two years, warning that Europe's financial crisis and slower expansion in China and India have weakened the world economy.
The International Monetary Fund yesterday said it expects the world economy to expand 3.5 percent this year, according to a quarterly update to its World Economic Outlook. That's down slightly from its previous estimate of 3.6 percent in April.
The IMF also cut its forecast for global growth to 3.9 percent in 2013, from 4.1 percent three months earlier.
And it shaved its US growth forecast to 2 percent this year from its previous estimate in April of 2.1 percent. For 2013, it expects US growth of 2.3 percent, down from 2.4 percent.
The International Monetary Fund yesterday said it expects the world economy to expand 3.5 percent this year, according to a quarterly update to its World Economic Outlook. That's down slightly from its previous estimate of 3.6 percent in April.
The IMF also cut its forecast for global growth to 3.9 percent in 2013, from 4.1 percent three months earlier.
And it shaved its US growth forecast to 2 percent this year from its previous estimate in April of 2.1 percent. For 2013, it expects US growth of 2.3 percent, down from 2.4 percent.
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