IMF: World economy weakens further

Plagued by uncertainty and fresh setbacks, the world economy has weakened further and will grow more slowly over the next year, the International Monetary Fund says in its latest forecast.

Advanced economies are risking recession, the international lending organisation said in a quarterly update of its World Economic Outlook, and the malaise is spreading to more dynamic emerging economies such as China.
%VIRTUAL-SkimlinksPromo%