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                      IMF Cuts Forecast For Global Growth

   by VOA News

   The International Monetary Fund is cutting its forecast for global
   economic growth, and says there will be a "bumpy" road to recovery in
   developed nations.
   IMF experts say global growth will be about 3.3 percent this year,
   which is two tenths of a percent lower than their assessment at the
   beginning of this year.  The global lender says growth will improve in
   2014.
   Tuesday's IMF report comes as top financial officials from around the
   world are gathering in Washington for the annual meetings of the IMF
   and World Bank later this week.
   The IMF said that cuts in government spending will keep the U.S.
   economy from growing more than 1.9 percent this year, but predict the
   world's largest economy will expand faster in 2014.
   Overall, the euro region is in recession and its economy will shrink
   three-tenths of a percent this year.  The IMF predicts that the euro
   recession will end and that economy will expand slightly next year.
   Emerging and developing nations are expected to fare much better,
   expanding 5.3 percent this year and faster next year. China, the
   world's third largest economy, is predicted to grow eight percent this
   year.
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References

   1. http://www.voanews.com/content/imf-cuts-forecast-for-global-growth/1642516.html