The IMF have revised downwards their forecasts for world growth this year and next.
Growth in 2012 is now expected to come it 3.3% with an increase to 3.9% in 2013. While these are significant downgrades it is perhaps worth remembering that world growth has averaged between 3.4 and 3.5% over the past 20, 30 and 40 year periods (this courtesy of Craig James at CommSec).








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