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IMF lowers growth forecast of world economy

IMF lowers growth forecast of world economy

18 June 2011 08:49 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Due to reduction of Japanese and US economic growth, non-balanced process of rebuilding is observed in the world economy. That is why, additional efforts will be demanded for maintenance of global economyâ€™ growth temps, APA reports quoting www.k2kapital.com portal.

The IMF slightly lowered its 2011 global growth forecast to 4.3%, down from 4.4% in April. Its forecast for 2012 growth remained unchanged at 4.5%. The IMF said it was slightly more optimistic about the euro area’s growth prospects this year, but a lack of political leadership in dealing with Europe’s debt crisis and the wrangling over budget in the United States could create major financial volatility in coming months.

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