I.M.F. decreases Estimates for Global Growth for 2013



I.M.F. decreases Estimates for Global Growth for 2013

Summary

The International Monetary Fund has predicted lower estimates for global growth due to a variety of factors. Among the major reasons contributing towards low estimates have been the recession and the rising unemployment. A combination of both these factors has resulted in poor estimation of global growth by IMF. Although financial conditions have improved to a great extent but there also has been aggression based monetary easing on the part of Federal Reserve.

Although developed economies have prospered to a certain extent, the recovery for ...