Global Economy Slowing Significantly, IMF's Zhu Says
2011-11-21 17:22:25
The global economy is slowing 'significantly', International Monetary Fund Deputy Managing Director Min Zhu said Monday.
Speaking at a conference in Vienna, he said the IMF's forecast for global economic growth is 'too optimistic'.
In its latest World Economic Outlook, the IMF forecast 4 percent global economic growth in both 2011 and 2012 compared to the 5 percent growth seen in 2010. The lender had previously forecast 4.3 percent growth for 2011 and a 4.5 percent expansion in 2012.