IMF warns of slower growth for UAE and global economy | The National:
"The economies of the UAE and the wider world will grow slower than expected this year, the IMF said on Tuesday.
The fund downgraded global growth prospects yet again, amid signs that world has been unable to shrug off the economic impact of the 2008 financial crisis.
The world’s growth outlook for this year was cut to 3.2 per cent, a decline of 0.2 percentage points from January’s 3.4 per cent growth forecast. By convention, the world is considered to be in a recession when growth drops below 3.0 per cent."
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