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Monday, 16 September 2019

IMF cut global growth forecast for 2013

Economic growth forecast for 2013 to remain subdued above 3 per cent in 2013, according to the IMF, due to slower growth in emerging economies

Ahram Online , Tuesday 9 Jul 2013
IMF
IMF's chief Christine Lagarde (Photo: Reuters)
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The International Monetary Fund (IMF) revised its 2013 global economic growth forecast from its previous April forecast. Global growth is now projected at slightly above 3 percent in 2013, identical to 2012. The IMF justifies its reformed expectations as being a result of weaker domestic demand and slower growth among several key emerging economies.

Economic growth is expected to slowdown in many developing economies, particularly among the BRICS and sub-Saharan Africa. Growth of economies in the Middle East and North Africa is also expected to remain weak, due primarily to many countries’ ongoing political turmoil. 

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