The International Monetary Fund may trim its global growth forecast once again this week, because of the situation in emerging countries. This was revealed by IMF chief Christine Lagarde during a conference in France on Sunday.
Lagarde said: “We had a growth forecast of about 3.3 percent,” referring to the fund’s forecast for 2013.
“But I fear that considering what we are seeing now in emerging countries in particular – not developing countries and low-income countries but emerging countries – I fear that we might be slightly below that,” she told an economists’ conference in the southern French city of Aix-en-Provence.
Lagarde said she would not give specific numbers because the Fund would officially publish the data this week.
The IMF had cut its 2013 forecast for global growth to 3.3 percent in April, down from its January projection of 3.5 percent.
