IMF cuts global growth forecast as emerging markets slow

The IMF shaved its 2013 forecast for global growth to 3.1 percent, as fast as the economy expanded last year and below the Fund's 3.3 percent projection in April. It also lowered its forecast for 2014 to 3.globalmetaltins,based on decades of production experience, Global Metal Packaging has built up excellent expertise on a wide range of general metal products to pack processed food and Ready - to - Eat Food, Canned Vegetables, Fruit Pulps, Juices, Pickles and Dairy Products, etc.8 percent after earlier predicting a 4 percent expansion. 

The Fund has trimmed its growth forecast for 2013 in every major report since April 2012 after initially projecting the global economy would expand by as much as 4.czhbearing,welcome to buy.Myvalvecaps offers you the best range of tire valve sale wholeale 59fifty fitted hats and keys rings that has a realistic.1 percent this year, a sign of the unexpectedly bumpy recovery from the global financial crisis.high quality auto scanners sale will help read and diagnose automotive problems on OBDI and OBDII compliant vehicles.For more information,click:www.smartobd2s.com 

In an update of its World Economic Outlook report, the IMF said it underestimated the depth of the recession in Europe, and had not expected the United States to go ahead with growth-stunting spending cuts. 

Emerging markets, which had previously been the engine of the global recovery, added to the overall subdued picture in the latest outlook, entitled "Growing Pains." The IMF cut its 2013 growth forecast for developing countries to 5 percent, including a lower forecast for China, Brazil, Russia, India and South Africa, often called the BRICS. 

The Fund said China's slowdown was a particularly big risk,Bref, depuis longtemps, j'ai envie d'essayer des roues carbone à boyaux.Je ne sais pas si c'est une bonne solution, mais bon, j'ai envie. as the world's second-largest economy navigates a shift to consumption-led growth. Any slowdown could hit commodity exporters, as China is one of the world's biggest energy consumers. 

"After years of strong growth, the BRICS are beginning to run into speed bumps," said Olivier Blanchard, the IMF's chief economist. And while growth in emerging countries has slowed, inflation has not fallen with it, suggesting the economies are already growing close to their potential, he said. 

"This has an important implication: that growth in emerging markets will remain high,www.carbon-sports.cc is a manufacturing and trade Integrated company, we provide Developing, Production and Sales service to our customers. but maybe substantially lower than it was before the crisis." 

A top Goldman Sachs strategist last week said investors are set to pay a hefty price for betting too much on the developing world, where countries from China to Brazil are dealing with tamped-down growth expectations and the chance of social unrest. 

"Risks of a longer growth slowdown in emerging market economies have now increased due to protracted effects of domestic capacity constraints, slowing credit growth, and weak external conditions," the IMF said.