February 6, 2012

IMF cuts China 2012 growth forecast to 8.25%

IMF cut its forecast for China's economic growth this year to 8.25% from 9.0% projected in September, citing the threat of weakening exports amid an uncertain global environment. IMF said China's growth rate, which stood at 9.2% last year, would drop abruptly if the euro zone experienced a sharp recession.

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