Currency Analyst since 2010

IMF reduced growth forecasts

FXBAZOOKA.com – The International Monetary Fund reduced its global growth forecast for this year from 3.4% to 3.3%, warning of weakness in the euro zone, Japan and big emerging markets such as Brazil.

The IMF sees a 30% chance that the euro zone will fall into deflation and a nearly 40% risk that it will slide into a recession over the next year. Data on Tuesday signaled Japan may already be in a mild recession.

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