IMF to trim global growth outlook, Lagarde says
2012-07-06 12:13:00
The International Monetary Fund will cut its global growth outlook for this year, Managing Director Chirstine Lagarde said Friday.
Delivering the Nikkei Symposium Keynote Speech in Tokyo, Lagarde said, "In the IMF's updated assessment of the world economy, to be released ten days from now, the global growth outlook will be somewhat less than we anticipated just three months ago."
"And even that lower projection will depend on the right policy actions being taken," she added.
In the April World Economic Outlook report, the lender forecast 3.5 percent global economic growth this year and 4.1 percent next year.