Quarterly International Market Review & Outlook September 2012

The global recovery continues, but at a weakening pace. In advanced economies, growth is frustratingly too low to make a substantial dent in unemployment while the growth in major emerging market economies that had earlier carried the world economy has also decreased. Relative to their April 2012 forecast, the IMF forecasts in its October World Economic Outlook now expects 2013 growth of 1.5%, revised down from 2.0%, for advanced economies, and 5.6% down from 6.0% for emerging market and developing economies.

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