The IMF lowered its growth forecast for the world economy

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015674935_303001The International Monetary Fund (IMF) lowered its forecast for global growth to 0.2%, compared with the data in April of this year. According to IMF, the global economic outlook had deteriorated because of the deep recession in the Euro zone and a slower-than-expected economic growth of the U.S. In some developing countries the economic situation is not good enough to mitigate the problems of the developed world. The IMF lowered its forecast for economic growth of developing countries in 2013 from 5.3% to 5%, indicating a slowdown in export growth, lack of infrastructure, low commodity prices and lack of support for the economy from monetary authorities in these countries. ‘Downside risks to global economic growth still prevail: old risks remain, with the emergence of new’, – the IMF report says. Experts admit the probability of falling economic activity in developing countries, due to the slowdown in credit growth and, possibly, tighter financial conditions.