IMF warns of global economic woes

Business

IMF warns of global economic woes

Close

IMF stepped up warnings Monday on risks to the global economy.

16 July,2012 06:39 pm

It especially mentioned the threats coming from Europe, as it trimmed its growth forecast for the rest of the year.Forecasting world growth at 3.5 percent in 2012 and 3.9 percent in 2013, the IMF said the world economy appeared weaker since its assessment just three months ago, and that downside risks continue to loom large, especially from inadequate or slow policy reactions in major economies.