GLOBAL ECONOMIC RECOVERY STILL MARGINAL
IMF PROJECTS 5.7 PER CENT FOR INDIA AND 8 PER CENT FOR CHINA IN 2013
2013-04-17 09:19
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The International Monetary Fund’s semi-annual World Economic Outlook released today sees marginal improvement in global prospects in 2013 with gradual recovery at different speeds in different regions, including emerging markets with China’s growth returning to a healthy pace at 7.8 per cent in 2012 and set to grow 8 per cent this year. However, for both advanced and emerging economies, IMF has lowered its January projections, since recovery in advanced economies is on a bumpy road.