Daily News: October 9, 2012

IMF: Heightened Risks Sapping Slower Global Recovery

The International Monetary Fund (IMF) presented a gloomier picture of the global economy than a few months ago, saying prospects have deteriorated further and risks increased. Overall, the IMF’s forecast for global growth was marked down to 3.3% this year and a still sluggish 3.6% in 2013.

The IMF said that its forecast rested on two crucial policy assumptions