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World economy outlook downgraded

In what has now become an all-too-common occurrence, the IMF in July downgraded its outlook for the world economy and called on policy makers for stronger action to combat weaker growth. The Fund has slightly lowered its global growth forecast for 2012 to 3.5%, down 0.1% from its forecast three months ago. It was the IMF’s lowest forecast since 2009. 

For a closer look at Part 1 of CFAL's Global Economic Overview click here.
 

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