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IMF again slices global growth view on Europe, Japan woes

From marketwatch.com

Stagnation in Europe and a weaker-than-forecast recovery in Japan has led the International Monetary Fund to again cut its global growth outlook, according to forecasts released Tuesday. The IMF now sees 2014 global growth of 3.3% and 2015 growth of 3.8%, a decline of 0.1% for 2014 and 0.2% for 2015 from forecasts made in July. That comes even as the IMF became more optimistic about U.S. prospects this year, with an upgrade of 0.5%, to 2.2% growth. U.S. growth is still seen at 3.1% next year. Accommodative monetary policy, favorable financial conditions, strengthened household balance sheets and a healthier housing ... (full story)

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