The IMF yesterday published its latest World Economic Outlook Update titled “Growing pains”. As expected there were minor downward revisions to the IMF’s global growth estimates. The IMF now expects global GDP growth to run at 3.1% in 2013 before accelerating to 3.8% in 2014. Both forecasts are 0.2% lower than those published back in the April 2013 WEO.
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Commonwealth Bank