IMF Cuts Global Growth Outlook; India Avoids Ratings Downgrade

(Reuters) – The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world’s two biggest economies.

The IMF warned that only some of the factors leading to the reduction were temporary, and richer nations in particular faced the risk of economic stagnation unless they took steps to foster sustainable growth. Read More……..

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