IMF to cut growth outlook as global economy weakens

The International Monetary Fund (IMF) will reduce its estimate for global growth this year on weakness in investment, jobs and manufacturing in Europe, the United States, Brazil, India and China, Managing Director Christine Lagarde said.

“The global growth outlook will be somewhat less than we anticipated just three months ago,” Lagarde said in a speech in Tokyo yesterday. “And even that lower projection will depend on the right policy actions being taken.”

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