July 8, 2010 at 4:51 am
The IMF (International Monetary Fund) increased its forecast for global economic growth to 4.5% for this year and 4.25% for 2011. The agency added a major set of cautions:
“Despite the stronger than expected first half recovery, the IMF warned that uncertainties surrounding sovereign and financial sector risks in parts of the euro area could spread more widely, posing difficulties for both financial stability and the economic outlook.”
-- 24/7 WallSt.com
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