IMF projects slower global growth

10/8/2013 | Bloomberg

Warning of even dimmer prospects if the U.S. plunges into default, the International Monetary Fund pared its global growth outlook for 2013 to 2.9% from a July prediction of 3.1%. "Advanced economies are gradually strengthening [as] growth in emerging-market economies has slowed. This confluence is leading to tensions, with emerging-market economies facing the dual challenges of slowing growth and tighter global financial conditions," said IMF chief economist Olivier Blanchard.

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