IMF cut its forecast for global economic growth

Note: This section contains information in English only.
Source: BBC News
© Scanpix/AFP
According to the International Monetary Fund, the global recovery is slowing as government policies failed to increase confidence. Moreover, the risk of further worsening in the economic outlook is considerable. The IMF cut its projection for global growth to 3.6% in 2013 from its projection of 3.9% in July. The U.K. economic outlook is expected to shrink by 0.4% in 2012. 
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Tue, 09 Oct 2012 08:08:06 GMT

Gold dipped as solid US Dollar added pressure

Precious metals moved lower on Monday amid broadly stronger US Dollar and global economic concerns. The IMF lowered its global growth forecast for 2012 and 2013 to 3.3% and 3.6% from 3.5% and 3.9%, respectively. At the same time, rising unrest in South Africa limited losses of the commodity group. Gold slid on solid greenback. However, growth forecasts' cuts fuelled speculation

Tue, 09 Oct 2012 05:56:01 GMT

Aussie rises from 3-month low on gains in commodities

Australia's Dollar rose from the lowest level in three months as European finance ministers announced the aid fund operational as well as gains in commodities increased demand for the Aussie Dollar. Australia's currency rose 0.4% to $ 1.0233 after falling to $1.0149 yesterday, the weakest level since July 13. The Aussie Dollar lost 1.8 last week, the biggest decline since

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