July 12, 2013

The International Monetary Fund in Washington on Tuesday said economic growth prospects for 2013 had weakened since April.

In the group’s World Economic Outlook report, the IMF said global economic growth in 2013 would be slightly above 3 percent, dropping its growth predictions due to “weaker domestic demand and slower growth in several key emerging market economies.”

The IMF said risks to growth had increased since April, when it published its last World Economic Outlook report.

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