IMF cuts global economic growth projections
The IMF has cut its forecast of global growth in 2008 twice in three months. In October it was predicting expansion of 4.8% this year to continue the longest period of sustained strong growth since the late 1960s and early 1970s, but that was trimmed to 4.4% after it was found that higher inflation over the past decade in emerging economies such as China and India meant growth had not been quite as fast as originally believed. It has now further cut its growth estimate to 4.1%.
http://www.guardian.co.uk/business/2008/jan/30/worldbank.economics?gusrc=rss&feed=business
