IMF Cuts Global Growth Outlook, Says Europe May Worsen Outlook

Tyler Durden's picture

Flurry of headlines following an unscheduled IMF release:

  • IMF CUTS GLOBAL GROWTH ESTIMATE, SAYS EUROPE MAY WORSEN OUTLOOK
  • IMF SAYS DOWNSIDE RISKS ARE GROWING
  • IMF SAYS ECB SHOULD CUT INTEREST RATES IF DEBT TENSIONS PERSIST
  • IMF CUTS U.S. 2011 GROWTH ESTIMATE TO 1.5% VS 2.5% SEEN IN JUNE
  • IMF CUTS U.S. 2012 GROWTH ESTIMATE TO 1.8% VS 2.7% SEEN IN JUNE
  • IMF CUTS 2012 EURO-AREA GROWTH PREDICTION TO 1.1% VS 1.7%/JUNE
  • IMF CUTS 2011 WORLD GROWTH FORECAST TO 4% FROM 4.3% IN JUNE
  • IMF CUTS 2012 WORLD GROWTH FORECAST TO 4% FROM 4.5% IN JUNE
  • IMF SAYS ECB MUST KEEP INTERVENING `STRONGLY' IN DEBT MARKETS
  • IMF CUTS SPANISH GROWTH FORECAST FOR 2012 TO 1.1%
  • And stagflation: IMF raises estimates for China's inflation in 2011 and 2012, trims forecasts for China's GDP growth in 2011 and 2012

Source: BBG

IMF Sept