IMF Lowers Its Global Economic Prospects

The International Monetary Fund says the global economy is expanding slower than it expected and has trimmed its projections for this year and next.

The Washington-based agency said Tuesday it now is predicting global growth of 3.1 percent this year and 3.8 percent in 2014. Both figures are down two-tenths of one percent from IMF’s April predictions.

In its quarterly review of the world economy, the IMF said its declining forecasts stem from “continuing growth disappointments” …

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