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IMF Lowers Global Growth Forecasts, and Likely That of the United Kingdom

The International Monetary Fund cut its global GDP forecast to 3.3% and 3.6% for 2012 and 2013 respectively.

Reuters had reported Friday that German newspaper Handelsblatt said the International Monetary Fund would do that. Concurrently, The Telegraph reported that last week the IMF was expected to cut its growth forecast for the United Kingdom.

Watch for more on this, as this seems to driven by IMF views of further GDP decline estimates for Brazil, China, and India. If GDP declines in those countries, can developed country GDP declines be far behind?

Topical References: IMF cuts global growth forecast; prods Europe, U.S., The Asahi Shimbun, from Reuters, October 9, 2012 - reading time 4 minute. Also read:

 

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