IMF Cuts 2012 World Growth Forecast
2012-01-25 10:52:47
The International Monetary Fund (IMF) has cut its world growth projections in an update to its World Economic Outlook, British media reported.
The global lender is now expecting world GDP growth of 3.3 percent in 2012, down from the 4.1 percent forecast three months ago.
The IMF said that with intensifying problems in the eurozone affecting the global outlook, prospects have become vague amid growing risks to financial stability.
Most advanced economies are not falling back into a recession, it said, while economic activity in emerging and developing economies is slowing down.
The world growth is expected to strengthen to 3.9 percent in 2013.