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IMF lowers forecast for global economy despite 'decent' U.S. growth
IMF lowers forecast for global economy despite 'decent' U.S. growth

The International Monetary Fund downgraded its forecast slightly for the world economy despite mounting signs that the U.S. is “leaving the financial crisis behind and achieving decent growth.” Improvements in the recovery from the Great Recession in the U.S. and Britain aren't enough to offset continued weakness in Europe and lower growth in some emerging markets, the IMF said Tuesday in its updated World Economic Outlook. “World growth is mediocre and a bit worse than forecast in July,” the group said in the report released at its annual meetings with the World Bank in Washington. And although ongoing crises in the Middle East and Ukraine haven't hurt...

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