IMF: global recovery slow

The recovery of the global economy is weakening as government policies have failed to revive faith, said the International Monetary Fund.

According to the body, the risk of a further deterioration in the economic situation has been anticipated and this trend has been increasing.

IMF invalidated its estimate of economic growth globally for 2013 to 3.6 percent from 3.9 percent projected in July.
One of the largest depreciation was for the UK economy, which according to IMF forecasts shrank

This compared with growth forecast of 0.2 per cent in July. Next year, the British economy is expected to grow by 1.1 percent, the IMF said, less than the previous forecast of 1.4 percent.

In response to the devaluation, the British Treasury noted that, "The IMF has reiterated his suggestion that the first line of defense against slow growth should be to allow automatic stabilization action, easing monetary policy and measures to facilitate the flow of credit, which the Kingdom is doing things. "

Fund forecast for global growth this year has been reduced from 3.5 to 3.3 percent. Oliver Blanchard, IMF chief economist, said the slowdown led by the problems countries.

"Low growth in advanced economies is affecting the east and developing economies through exports," said Blanchard.