16 July 2012, 17:57  International Monetary Fund slashed its 2013 growth forecast

The International Monetary Fund slashed its 2013 growth forecast for the global economy on Monday. In an update to its twice-yearly World Economic Outlook, the lender cut the world growth forecast for next year to 3.9 percent from 4.1 percent predicted in April. The outlook for this year was left unchanged at 3.5 percent.

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