Growth slowdown to follow crunch: Japan's Fukui

Toshihiko Fukui, the governor of the Bank of Japan, said he expected global growth to fall to 5% this year as a result of the financial turmoil.

Fukui's prediction is gloomier than the International Monetary Fund's World Economic Outlook, published last month, which said growth would hit 5.2% this year, down from 5.4% in 2006.

Speaking in Singapore on Wednesday, Fukui said: "The recent disruptions in global financial markets seem to show that under the continuing favourable conditions of heal

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