BERLIN: The International Monetary Fund has cut its global growth forecasts for this year and 2013 and called on politicians in the eurozone and the US to take “decisive” steps to restore confidence, a German newspaper said yesterday.

Citing excerpts from the IMF’s World Economic Outlook to be released early next week, the Handelsblatt business daily said that the Washington- based body predicted world economic growth of 3.3 percent in 2012 and 3.6 percent in 2013. In July, the IMF issued forecasts of 3.5 percent and 3.9 percent, respectively.

The German-language paper quoted the report as saying that the “further cooling of growth in the world economy this year and next goes along with a clear increase in downward risks.”

News: The Daily Sun/Bangladesh/7th-Oct-12