IMF downgrades world outlook [video]

Chief economist Oliver Blanchard on the IMF’s latest forecast.

[gigya src=”″ bgcolor=”#FFFFFF” flashVars=”videoId=1878677757001&playerID=45533486001&playerKey=AQ~~,AAAACofWkTk~,d-cWVfCeeBH2u4-MzWQrjKX5_f_MoDWg&domain=embed&dynamicStreaming=true” base=”” name=”flashObj” width=”486″ height=”412″ seamlesstabbing=”false” type=”application/x-shockwave-flash” allowFullScreen=”true” swLiveConnect=”true” allowScriptAccess=”always” pluginspage=””]

  • IMF revises forecast down, global growth projected at 3.3 percent this year
  • World trade slumps, hurting emerging markets, developing countries
  • Prospects could improve if clouds over euro area, U.S. “fiscal cliff” are lifted

Download the full report.