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International Monetary Fund cut its forecast for global economic growth by 3.3 percent
25/01/2012 02:39
The International Monetary Fund for reducing its forecast for global economic growth for the current year by 0.7% to pass from the 4% expected in September to 3.3% currently, by the impact of the debt crisis of the euro area, the IMF warned that the crisis is deepening and may cause the global economy into recession, calling for action urgent to restore confidence. The Fund, in its periodic report on the prospects of the global economy that growth could fall two points if you allow Europe's deteriorating crisis, adding that the countries of the euro area of 17 may slide to a mild recession in 2012 due to contraction of output by 0.5%
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