Fri, 06 Jul 2012 08:21:43 GMT
IMF will reduce growth forecasts amid global economic slowdown
Christine
Lagarde, Managing Director of the International Monetary Fund, said the
growth outlook for 2012 is likely to be reduced amid worsening labour market, investment and manufacturing activity in the US, Europe, Brazil, India and
China. New projections will be reported in the next 10 days. Meanwhile growth estimate for the US has been
already lowered to 2% from 2.1%