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IMF: Global growth forecast slashed unless politicians restore confidence
The International Monetary Fund has cut its global growth forecasts for this year and 2013 and called on politicians in the eurozone and the US to take “decisive” steps to restore confidence, a German newspaper said Friday. Citing excerpts from the IMF’s World Economic Outlook to be released early next…
Risks to global growth rising: IMF
The International Monetary Fund stepped up its warnings Monday on risks to the global economy, especially coming from Europe, as it trimmed its growth forecast for the rest of the year. The IMF said the world economy appeared weaker since its assessment just three months ago, and while growth was…
Eurozone group says it’s ready to bail out Cyprus
The eurozone is ready to bail out embattled Cyprus in coordination with the International Monetary Fund, finance ministers from the 17-nation single currency area said Wednesday. “The Eurogroup acknowledges that an adjustment programme seems warranted at this stage and considers responding favorably to it,” the ministers said in a statement…
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