IMF cuts its forecast for global economy in 2013
World BusinessApr 17, 2013
The International Monetary Fund has lowered its outlook for the world economy this year, predicting that government spending cuts will slow U.S. growth and keep the euro currency alliance in recession.The global lending organization cut its forecast for global growth to 3.3 percent this year, down from its forecast in January of 3.5 percent. It didn't alter its prediction of 4 percent global growth in 2014.The IMF expects the U.S. economy to expand 1.9 percent this year. That's below its January