ECONOMICS COMMENTARY
Apr 16, 2013
IMF sees slower pace of global expansion
The International Monetary Fund cut its global growth forecast for this year from 3.5% to 3.3%, barely any stronger than the 3.2% expansion of 2012. Slower growth is expected in the US, China and the UK than had been anticipated last winter, and the eurozone is set to see a steeper downturn, but the outlook has improved for Japan. Growth is expected to pick up to 4.0% in 2014, similar to the expansion seen in 2011.
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