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Friday 17 June 2011

IMF cuts US growth forecast, warns of crisis

17 JUN, 2011, 06.46PM IST,REUTERS 
SAO PAULO: The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits . 

The IMF, in its regular assessment of global economic prospects, said that bigger threats to growth had emerged since its previous report in April, citing the euro zone debt crisis and signs of overheating in emerging market economies.



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