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Despite Sputtering Global Economy, Developing Nations' Growth Potential Highi
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September 27, 2012 12:11 AM
The International Monetary Fund hints it may cut global growth forecasts again next month when it updates its projections for the world economy. The global lending institution says worldwide growth is weaker than expected due to continuing uncertainty in Europe and the US. But while many agree the global recovery has been weak, some economists point to the rising number of automobiles in developing nations as a sign that the world's economy is moving in the right direction. Mil Arcega has more.

Despite Sputtering Global Economy, Developing Nations' Growth Potential High

Published September 26, 2012

The International Monetary Fund hints it may cut global growth forecasts again next month when it updates its projections for the world economy. The global lending institution says worldwide growth is weaker than expected due to continuing uncertainty in Europe and the US. But while many agree the global recovery has been weak, some economists point to the rising number of automobiles in developing nations as a sign that the world's economy is moving in the right direction. Mil Arcega has more.