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Tuesday, July 9, 2013

IMF forecasts slower global growth in 2013-14

Italian Finance Minister Fabrizio Saccomanni, right, talks with International Monetary Fund managing director Christine Lagarde, left, and Irish Finance Minister Michael Noonan, during the Eurogroup meeting, at the European Council building in Brussels, Monday, July 8, 2013. The finance ministers of the 17 European countries that use the euro are expected to approve the release of another installment of the rescue funds that Greece has been relying on since May 2010. (AP Photo/Yves Logghe)WASHINGTON (AP) — The International Monetary Fund said Tuesday that it sees slower global growth in 2013 and 2014 than it did just three months ago, citing expectations of a slowdown in key developing countries such as China and Brazil and a more protracted recession in Europe.



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