IMF Raises World Economic Outlook
July 20, 2008
Ron Haruni submits:
The latest communiqué from IMF’s World Economic Outlook [WEO], released Friday stressed the IMF’s view of a significantly slower pace in global growth during the second half of fiscal ‘08, before a gradual recovery starts to take place in fiscal ‘09.
“The global economy is in a tough spot,” the fund said in its latest update, “caught between sharply slowing demand in many advanced economies and rising inflation everywhere, notably in emerging and developing economies.”
IMF Raises World Economic Outlook
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