IMF Reduces Forecast For US, Global Growth

The International Monetary Fund said Friday that it expects the U.S. economy to grow at slower pace this year than previously estimated, dragged down by higher oil prices and lower factory output.

The lending organization also warned that the European debt crisis poses a growing threat to the global economy. It cited investors’ increasing concerns that Greece’s government won’t be able to implement the changes necessary to avoid defaulting on its debt.

From: http://ping.fm/ojPaN