Markets in the US fell overnight, after the International Monetary Fund (IMF) cut its forecast for global growth for the next two years. The IMF said it now expected global growth of 3.3% this year, down from the 3.4% it predicted in July, while next year’s forecast was cut to 3.8%, from 4%. In particular, it expects the eurozone to see meagre growth of 0.8% this year and 1.3% next year, with some 40% chance it will fall into another recession…
Read the entire article at www.investmentweek.co.uk
[Source: www.investmentweek.co.uk – October 8, 2014 – Anna Fedorova]
