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|Create Date||August 28, 2015|
In June 2013 the IMF further trimmed down the global economic growth forecast for this year to 3.1% less than the 3.3% forecast in April 2013. The main cause being: the slowdown in emerging market economies, lowered expectations for U.S. growth and deepening recession in the Eurozone. Declining global demand for goods and services will impact negatively on growth in developing economies.