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IMF Downgrades Growth Prognosis for Eurozone

Published: July 10, 2013; 16:57 · (Vindobona)

According to the International Monetary Fund (IMF), the prospects of growth in the Eurozone are still positive. However, they are not as good as in April. Germany and Austria are concerned as well.

IMF Downgrades Growth Prognosis for Eurozone / Picture: © IMF

The International Monetary Fund’s outlook has become more pessimistic in regard to the developments of the world’s economy. The global growth is likely to turn out weaker than expected, the organization announced on Tuesday in Washington. According to the current outlook, IMF estimates a growth rate of 3.1 percent in 2013 and 3.8 percent next year. The figures were dropped by 0.2…

This article includes a total of 419 words.

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