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Canada, U.S. Leap Ahead as World Growth Slows: IMF

Posted October 08, 2014

Under Economic Issues, International Trade Issues

(CBC News)

The International Monetary Fund slightly lowered its outlook for global economic growth this year, but is optimistic about the next two years in the U.S. and Canada.

The IMF said Tuesday the global economy will grow 3.3% this year, a drop from the 3.4% it forecast in July, because of weakness in Japan, Latin America and Europe. In 2015, world growth could be 3.8%, a reduction of two percentage points.

But it sees “firming momentum” in Canada and the U.S., led by buoyant domestic demand in the U.S. and export growth in both countries. Read more here.