Berlin: The International Monetary Fund (IMF) will lower its forecasts for global economic growth to 3.3 per cent this year and 3.6 per cent in 2013 from earlier forecasts of 3.4 per cent and 3.9 per cent respectively, a Germany newspaper reported on Friday.
The IMF expects the euro zone economy to shrink by 0.4 per cent this year and then grow 0.2 per cent in 2013, business daily Handelsblatt said in a preview of the fund's latest forecasts which are due to be released next week.
Chinese growth for 2013 is seen at 8.2 per cent, versus a previous IMF estimate of 8.4 per cent, Indian growth is seen at 6 per cent versus a previous forecast of 6.6 per cent and Brazilian growth at 4 per cent versus 4.7 per cent, the newspaper reported.
"The further cooling of global economic growth this year and next year is accompanied by a significant increase in downward risks," it quoted the IMF as saying. It added that the global growth outlook depended on "whether decisive political steps to stabilise confidence are taken in the eurozone and US"....more
01:54 PM, Oct 05, 2012
New Delhi: Fitch Ratings has cut its 2012 growth forecasts for India to 6 percent from 6.5 per cent on deteriorating global growth outlook with diminished willingness or capacity to respond with domestic policy loosening, compared with 2009. India's economic outlook remains challenging. Investment rose just 0.7 per cent YoY in second quarter of 2012, with higher-frequency indicators pointing to another weak outturn in Q3. "Ongoing concerns over government economic...
11:48 AM, Sep 28, 2012