Risks of a serious global slowdown ‘alarmingly high', says IMF
The International Monetary Fund (IMF) has lowered its forecasts for growth for the world economy and has warned that downside risks have increased further. It also said the uncertainty is creating "alarmingly high" risks of an even more serious global slowdown.
Compared with last April, the October 2012 issue of the IMF's World Economic Outlook's (WEO) forecasts for 2013 have been revised from 1.8% to 1.5% for advanced countries, and from 5.8% down to 5.6% for emerging market and developing
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