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ECONOMICS COMMENTARY
Oct 08, 2013
Emerging markets disappointments lead IMF to downgrade global outlook
In its latest World Economic Outlook, the International Monetary Fund downgraded its projection for global GDP growth in both 2013 and 2014, citing worse than expected performance of emerging markets. Advanced economies, on the other hand saw GDP predictions unchanged on the whole compared to the July predictions, albeit with some notable variations between economies. The UK's outlook was revised up markedly whereas the US and Canada saw downward revisions to GDP projections.
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