IMF on European outlook

The International Monetary Fund expects growth to stagnate in advanced economies in Europe, while the region's emerging economies will slow down significantly.

The Fund's Regional Economic Outlook: Europe, published on 21 October, notes that the "financial crisis has reached extraordinary proportions in recent months."

It adds that a "mutually reinforcing deterioration in financial and economic conditions is the main downside risk to the outlook."

In addition to the outlook, the report presents

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