IMF Report Decoded: Fed May Bring Doomsday
The International Monetary Fund lowers its forecast for world economic growth this year and says the Federal Reserve may be misjudging when it should end monetary stimulus.
This article is for subscribers only.
The International Monetary Fund lowered its forecasts for global growth today in an updateto its annual World Economic Outlook report. It's worried.
Growth in world output will be 0.2 percent lower in 2013 and 2014 than it had projected in April, the IMF said. All but three countries had their growth forecasts reduced, with the sharpest rebukes going to the euro area and emerging markets.