International Monetary Fund predicts slower growth for next year

International Monetary Fund predicts slower growth for next year

POSTED: Tuesday, October 9, 2012 - 8:00am

UPDATED: Tuesday, October 9, 2012 - 8:04am

The International Monetary Fund, or IMF, says the global economy has weakened further and predicts slow growth for the next year. In its latest economic forecast, the IMF issued a statement saying that in advanced economies like the United States the growth is too slow to make a serious dent in unemployment.

For emerging economies like China the IMF predicts growth will begin to slow down. The IMF forecasts 3.3% economic growth for this year, down from its July estimate of 3.5%.

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