IMF’s Lagarde says may trim global growth forecast
Monday, 8 July 2013 00:59
PARIS, 7 July (Reuters): The International Monetary Fund may this week trim its global growth forecast because of the situation in emerging countries, IMF Chief Christine Lagarde told a conference on Sunday.
“We had a growth forecast of about 3.3%,” Lagarde said, referring to the fund’s forecast for 2013.
“But I fear that considering what we are seeing now in emerging countries in particular, not developing countries and low-income countries but emerging countries, I fear that we might be slightly below that,” she told an economists’ conference in the southern French city of Aix-en-Provence.
Lagarde said she would not give specific numbers because the Fund would officially publish the data this week.
The IMF had cut its 2013 forecast for global growth to 3.3% in April, down from its January projection of 3.5%.