IMF lowers growth outlook

The International Monetary Fund (IMF) said on Tuesday that it expects global growth to slow to 4.1% this year, down from 4.9% in 2007.

"Financial market strains have intensified, while the recent steep sell-off in global equity markets was symptomatic of rising uncertainty," the Fund said.

It added that risks remained that the strains would lead to further falls in domestic demand in advanced economies, with more significant spillovers into emerging markets and developing countries. Growth in

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