The International Monetary Fund will lower its forecasts for global economic growth to 3.3 percent this year and 3.6 percent in 2013 from earlier forecasts of 3.4 percent and 3.9 percent, respectively, a Germany newspaper reported on October 5.
The IMF expects the Eurozone economy to shrink by 0.4 percent this year and then grow 0.2 percent in 2013.
Chinese growth for 2013 is seen at 8.2 percent, versus a previous IMF estimate of 8.4 percent, Indian growth is seen at 6 percent versus a previous forecast of 6.6 percent and Brazilian growth at 4 percent versus 4.7 percent, the newspaper reported.
"The further cooling of global economic growth this year and next year is accompanied by a significant increase in downward risks," it quoted the IMF as saying. It added that the global growth outlook depended on "whether decisive political steps to stabilise confidence are taken in the Eurozone and US. "
No comments:
Post a Comment