IMF revises forecast down

World Economic Outlook: IMF

  • Global growth projected at 3.3 percent this year and 3.6 percent in 2013
  • Advanced economies are projected to grow by 1.3 percent this year, compared with 1.6 percent last year and 3.0 percent in 2010
  • Growth in emerging market and developing economies was marked down compared with forecasts in July and April to 5.3 percent, against 6.2 percent last year
  • Growth in the volume of world trade is projected to slump to 3.2 percent this year from 5.8 percent last year and 12.6 percent in 2010
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