IMF sees modest 2013 improvement for world economy

Published on NewsOK Modified: January 23, 2013 at 10:37 am •  Published: January 23, 2013
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The IMF warned that the U.S. should avoid sharp cuts in the short term, but improve its books over the medium term by cutting entitlements and passing tax changes.

The updated report projected that stimulus policies in Japan would pull that country out of a brief recession, but said Japan had to deal with its debt in the medium term. Growth in China is projected to be 8.2 percent in 2013 compared with 7.8 percent in 2012.

The IMF also noted that growth in developing economies could be hurt by the problems still facing the U.S., Europe and Japan.

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Online:

IMF: http://tinyurl.com/ajhzzcd

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Follow Desmond Butler on Twitter at http://twitter.com/desmondbutler

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