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      IMF cuts economic growthe forecast


      it is predicting that developed economies as a whole will shrink by 0.3% next yearrel, having predicted growth of 0.5% less than a month ago .
      financial crisis prospects for global growth have deternatiorated over the past month, as financial sector deleveraging has continued and producer and consumer confidence have fallen, the imf said in its report .
      nonetheless, there are many reasons to remain concerned about the potentional impact on activity of the financial crisis .
      the international turmonetary fund (imf) has become even gloomier about the prospects for the world's economies .
      Generated 2008-11-9_6:34





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