IMF to cut global forecasts

US - The IMF has cut its forecast for world economic growth this year to 2.8% from 3.2%, Reuters reported on 29 August citing unnamed sources at the international lender.

On 28 August, Italian news agency ANSA reported the IMF's World Economic Outlook would predict 3.6% global growth in 2002.

The agency said the forecast was included in a draft copy of the WEO to be officially released late next month.

But IMF sources said the figures were taken from a July draft which had already been revise

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