IMF World Economic Outlook: Coping with High Debt and Sluggish Growth

From imf.org

The recovery continues, but it has weakened. In advanced economies, growth is now too low to make a substantial dent in unemployment. And in major emerging market economies, growth that had been strong earlier has also decreased. Relative to our April 2012 forecasts, our forecasts for 2013 growth have been revised from 2.0 percent down to 1.5 percent for advanced economies, and from 6.0 percent down to 5.6 percent for emerging market and developing economies. The forces at work are, for the most part, familiar. Those forces pulling growth down in advanced economies are fiscal consolidation ... (full story)