Jul 9, 2013
IMF slashes global growth forecasts
According to the International Monetary Fund's updated World Economic Outlook released on Tuesday, global growth will be slower in 2013 than previously estimated. The April forecast pointed to a 3.3% increase, whereas currently it has been cut to 3.1%. In 2014 the global economy should expand by 3.8%, compared with the previous forecast of 4%.
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