IMF to lower US growth prognosis

April 3rd, 2008 - 5:49 pm ICT by admin  

Paris, April 3 (DPA) The International Monetary Fund (IMF) is cutting its growth prognosis for the US and is also taking a conservative view of India’s and China’s growth for 2008, reports said Thursday. Dominique Strauss-Kahn, managing director of the Paris-based IMF, told the French Le Figaro newspaper Thursday that January’s growth prognosis had to be adjusted downwards, but without mentioning figures.

However, the IMF was set to cut its forecast for economic growth in the US for 2008 to 0.5 percent from 1.5 percent, the German weekly newspaper reported Die Zeit Wednesday.

According to Strauss-Kahn, the global financial crisis was also having an increasing effect on China and India.

The crisis was having a delayed effect on India and China, he said.

“Nobody is immune,” he said.

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