IMF to cut growth forecast to 1% to 1.5% - report
"It will be revised to 1% to 1.5% in 2009, which is huge," Axel Bertuch-Samuels, the deputy director of the Fund's monetary and capital markets department, is reported to have told Reuters, a news agency. "Global economic prospects have deteriorated in recent months, consumer and business confidence have dropped to levels that we have
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