Goldman Sachs downgrades global growth

Goldman Sachs economists have downgraded world economy growth rates to 3.8% in 2011 and 3.5% in 2012 (vs. previous forecasts of 3.9% in 2011 and 4.2% in 2012), Arrenga Capital said yesterday.

It said the IMF too had reduced its estimates on 20 September to 4% from 4.3% in 2011.