IMF chops economic outlook

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 FT.com. The fund says emerging economies will continue […]

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 FT.com.

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.