The International Monetary Fund cut its forecast for world economic growth, saying that the economic recovery will slow as governments cut their budgets.
The IMF cut its outlook for the U.S. economy to 2.2% growth in 2011, from a previous estimate of 2.9%.
“The rate of expansion is beginning to moderate,” the IMF said in its World Economic Outlook report. “Much of the weakness of this recovery is…
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IMF Cuts Outlook for World Economic Growth originally appeared on DailyFinance on Wed, 06 Oct 2010 08:53:00.