IMF lowers global outlook
China Daily | Updated: 2011-09-22 07:57
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G7 finance ministers and central bank governors in Marseille, France, at a summit on Sept 9. A report by the International Monetary Fund on Tuesday said that US and European policymakers must act more decisively to cut budget deficits. Chris Ratcliffe / Bloomberg |
WASHINGTON - The world economy has entered a "dangerous new phase," according to the chief economist of the International Monetary Fund (IMF). As a result, the international lending organization has sharply lowered its economic outlook for the United States and Europe through the end of next year.
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