IMF Trims Global Growth Forecast Amidst Slowing Emerging Markets

IMF has trimmed global growth projections by 0.25 percentage points for 2013 and 2014, with risk to growth increasing particularly in the emerging markets. In its recent World Economic Outlook, IMF now projects global growth at 3.1 percent for 2013 and 3.8 percent for 2014, a downgrade of 0.25 percentage points from its April 2013 report. Private Demand to Push U.S. Growth The international organization expects the U.S. market to grow from 1.75 percent in 2013 to 2.75 percent in 2014, on the back of slowing fiscal consolidation and solid private demand. IMF recommends major advanced economies should continue to…