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IMF to cut global growth forecast further

Posted on 26 January 2009

From Guardian: The International Monetary Fund (IMF) will cut its 2009 global growth forecast again, this time to between 1 percent and 1.5 percent, as economic conditions deteriorate further, an IMF official said on Sunday.

The IMF’s most recent forecast, made in November, was for growth of 2.2 percent. Since then, economic indicators have deteriorated to their worst levels in decades, with many of the world’s biggest industrial economies in recession….. Full Article: Source


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