IMF trims global growth forecast, citing eurozone | Bangkok Post: news

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IMF trims global growth forecast, citing eurozone

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The global economy will grow slightly less in 2013 than was expected, held back by a weak eurozone that will stay mired in recession a second straight year, the IMF predicted Wednesday. 

Construction cranes work in Miami on January 2, 2008. The global economy will grow slightly less in 2013 than was expected, held back by a weak eurozone, which will stay mired in recession a second straight year, the IMF predicted.

"Downside risks remain significant, including prolonged stagnation in the euro area and excessive short-term fiscal tightening in the United States," the International Monetary Fund said, in an economic outlook update.

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