16 November 2001, 12:41 IMF Cuts US, EU, Japan Growth Estimates
The IMF cut U.S. growth estimates for this year by 0.3 points to 1.1%, and slashed the
forecast for 2002 by 1.5 points to 0.7%. Meanwhile, for
the already sluggish Japan economy, the IMF cut the outlook by 0.1
points to -0.9% this year and chopped 1.5 points from next year's number
to -1.3%. The European Union fared better with GDP trimmed only 0.1 to
1.7% in 2001, and by 0.8 points to 1.4% in 2002.
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