IMF chops economic outlook

By Staff | April 17, 2013 | Last updated on April 17, 2013
1 min read

The International Monetary Fund (IMF) has lowered its 2013 outlook for global growth over concerns of uneven recovery.

In its World Economic Outlook report, the IMF warned of “high medium-term risks” rooted in the Eurozone crisis, and deficit and debt issues plaguing the U.S. and Japan, reports

The fund says emerging economies will continue to lead the global recovery, especially China which it expects to grow at 8% this year and at 8.2% in 2014.

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The staff of have been covering news for financial advisors since 1998.