IMF to cut growth forecast

The International Monetary Fund (IMF) will cut its forecast for growth in the global economy in 2009, its managing director said.

Speaking at conference on relations between the Fund and Spain, Dominique Strauss-Kahn said the global economy may not begin to recover until the end of 2009. In November, the IMF lowered its global economic growth forecast to 2.2% from 3%.

He also said the Fund could cut its 2009 forecast for China to around 5% amid an "unprecedented" global slowdown. "We started w

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