The International Monetary Fund released its latest World Economic Outlook on Tuesday, lowering its worldwide GDP forecast by 200 basis points, to 2.9% in 2013. The IMF predicts growth to be 3.6% next year. Advanced economies will grow by 1.2% and 2% in 2013 and 2014, respectively, while developing markets are now forecast to grow by 4.5% and 5.1%.
IMF lowers forecast, sees global growth of 2.9% in 2013
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