Thursday, January 24, 2013

Europe weighing on global growth says IMF



Published on Jan 23, 2013
http://www.euronews.com/ The unexpectedly stubborn recession in the eurozone, and weakness in Japan, will hold down global economic growth this year according to the International Monetary Funds' latest forecast.

It believes growth this year for the entire world will be 3.5 percent - slightly less than its last projection back in October.

But it does still see a rebound next year to 4.1 percent expansion - if recovery takes a firm hold in the eurozone.
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