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IMF may trim global growth forecast

Paris, July 8, 2013

The International Monetary Fund (IMF) may this week trim its global growth forecast because of the situation in emerging countries, said its chief Christine Lagarde.

"We had a growth forecast of about 3.3 per cent," Lagarde said, referring to the fund's forecast for 2013.

"But I fear that considering what we are seeing now in emerging countries in particular - not developing countries and low-income countries but emerging countries - I fear that we might be slightly below that," she told an economists' conference in the southern French city of Aix-en-Provence on Sunday.

Lagarde said she would not give specific numbers because the Fund would officially publish the data this week.

The IMF had cut its 2013 forecast for global growth to 3.3 per cent in April, down from its January projection of 3.5 per cent.-Reuters




Tags: Egypt | economy | IMF |

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