"The possibility of stagnation around the world has increased"
- Richard Urwin, Head of investments at BlackRock Inc.'s Fiduciary Mandate Investment Team
The UK stocks declined on Monday, as the IMF cut its outlook for the global economic growth to 3.5% for this year and for next year to 3.9%.
The FTSE 100 Index fell 0.1%, or 3.7 points, to 5,662.43. It has declined by 5.1% from its high on 16 March 2012, due to worries concerning an escalation of the Eurozone debt crisis and a slowdown of the global economic growth.
"The possibility of stagnation around the world has increased," Richard Urwin, Head of investments at BlackRock Inc.'s Fiduciary Mandate Investment Team. Without policy intervention, "the emergence of a self-sustaining recovery doesn't seem probable, especially in the developed world."
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