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IMF: Growth Prospects Weaken in Emerging Asia, Pacific Economiesi
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October 12, 2013 1:35 AM
The International Monetary Fund says global growth patterns are shifting once again. The IMF’s latest outlook shows declining prospects for the Asia and Pacific regions -- down collectively nearly 1 percent from initial forecasts earlier this year. For most countries, the impact should be partially offset by improving conditions in advanced economies. But as Mil Arcega reports, fiscal and political problems in the U.S. continue to create uncertainty worldwide.

IMF: Growth Prospects Weaken in Emerging Asia, Pacific Economies

Published October 11, 2013

The International Monetary Fund says global growth patterns are shifting once again. The IMF’s latest outlook shows declining prospects for the Asia and Pacific regions -- down collectively nearly 1 percent from initial forecasts earlier this year. For most countries, the impact should be partially offset by improving conditions in advanced economies. But as Mil Arcega reports, fiscal and political problems in the U.S. continue to create uncertainty worldwide.