The International Monetary Fund is projecting a deceleration in world economic growth for 2008, as turmoil in the financial markets hurt consumer confidence in key regions.
The International Monetary Fund is projecting a deceleration in world economic growth for 2008 on a slowdown in the United States and as turmoil in the financial markets hurt consumer confidence in key regions.
The IMF said today in its World Economic Outlook report that it expects the U.S. economy will grow a modest 1.5 percent this year, compared with an estimated 2.2 percent in 2007 and 2.9 percent in 2006.
The U.S. slowdown is seen dragging global economic growth down to 4.1 percent in 2008 compared with an estimated 4.9 percent for 2007.
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