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IMF Raises U.S. 2014 Growth Est. to 2.8% vs 2.6%, Cuts 2015 2014-01-21 14:30:00.47 GMT
By Greg Chang Jan. 21 (Bloomberg) -- IMF says 2015 U.S. est. cut to 3.0% from 3.4% est. made in Oct. amid tighter projected fiscal stance. * Japan 2014 est. raised to 1.7% vs 1.2% est. from Oct., U.K. est. raised to 2.4% vs 1.9% * 2014 world GDP raised to 3.7% vs. 3.6% est. from Oct.; 2015 world GDP est. cut to 3.9% vs 4.0% * 2014 est. for Euro area 1.0%, all advanced economies 2.2%, China 7.5% (vs 7.3% in Oct.), all developing countries 5.1% * 2015 est. for Euro area 1.4%, all advanced economies 2.3%, China 7.3%, all developing countries 5.4% * IMF says advanced economies should keep accommodative monetary policy amid continued fiscal consolidation; developing economies should benefit from stronger demand for exports while facing domestic weakness * Advanced economies face risk of “very low inflation” * Link to Bloomberg story: NSN MZR8PI6KLVTE <GO>
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--Editor: Madeleine Lim
To contact the reporter on this story: Greg Chang in San Francisco at +1-415-617-7076 or gchang1@bloomberg.net
To contact the editor responsible for this story: Madeleine Lim at +1-212-617-2296 or mlim131@bloomberg.net