Wednesday 09, October 2013 by

IMF: Global growth patterns are shifting

Global growth is still in low gear and the drivers of growth are shifting, says the International Monetary Fund (IMF)'s latest World Economic Outlook (WEO) report. The IMF forecasts global growth to average 2.9 per cent in 2013—below the 3.2 per cent recorded in 2012—and to rise to 3.6 per cent in 2014.