IMF Says World Economic Growth To Slow

From 24/7 Wall Street:

"The International Monetary Fund is out taking the wind out of the sails of growth. Not just in the United States. Elsewhere too. The good news is that this is is still a move farther and farther away from the notion of a true double-dip recession. The world economy is expected to grow 4.8% in 2010, and that figure is now put at 4.2% growth for 2011.

....But it is an unbalanced recovery, sluggish in advanced countries, much stronger in emerging and developing countries.” Another quote, one which governments need to heed, is, 'Unless advanced countries can count on stronger private demand, both domestic and foreign, they will find it difficult to achieve fiscal consolidation. And worries about sovereign risks can easily derail growth.'

Growth in advanced economies is expected to be 2.7% in 2010 and 2.2% in 2011, but economic slack is expected to remain substantial and unemployment persistently high for some time. Emerging and developing economies are projected to grow at 7.1% in 2010 and grow by 6.4% in 2011.'

Link:  IMF Downgraded Growth.