German Factory Orders Show Surprise Drop on Mixed Recovery
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IMF Cuts World Growth Outlook; Cites Quick Exit of QE3, Slowing China Expansion
October 8, 2013 3:48 PM EDTNot adding to upside pressure Tuesday was the International Monetary Fund (IMF), which cut expectations for global growth in 2013 and 2014.
According to the IMF, world economies will expand 2.9 percent this year, down 0.3 points over the prior outlook. Growth expectations for 2014 are down 0.2 points to 3.6 percent.
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