The International Monetary Fund (IMF) warns global economic growth likely to slow at the end of 2010

by an Unemployed White Male on September 12, 2010

in Business & Economy,Politics & Government,Recession

From International Business Times, September 11, 2010

The International Monetary Fund (IMF) has issued a warning that global economic growth is likely to slow towards the end of 2010, largely due to continued weakness in the financial sector and a confidence crisis in some individual nations.

The Fund recommends that the most developed countries to reduce their budget deficits and increase export volumes in order to alleviate the problem. IMF also suggested that the Asian and emerging markets concentrate more on stimulating internal demand and less on export growth.

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