The International Monetary Fund (IMF) yesterday released the latest "World Economic Outlook and Global Financial Stability Report.
 
Line with market expectations, the IMF slightly lower global economic growth expected next year, and warned that the global economy is facing a greater risk.
 
The IMF forecasts that the 2013 global economic growth of 3.9 percent, down 0.2 percentage points than the previous forecast value, but the IMF to maintain this year's global economic growth rate target unchanged at 3.5%.
 
The IMF forecasts that the developed economies this year, the growth rate of 1.4 percent, unchanged from the forecast value of the last report. Among them, the U.S. economic growth of 2%, up from predictive value decreased by 0.1 percentage points. The euro zone economy will shrink by 0.3 percent, in line with the previous forecast value. For the euro area, the IMF in particular, that the ECB is still room for further relaxation of monetary policy space, the euro area need to take additional measures to stabilize the market.
 
The IMF also expects emerging and developing economies this year, the overall growth rate of 5.6%. Among them, China's economic growth rate will be 8 percent, compared to the previous forecast to reduce by 0.2 percentage points.
 
The IMF warned that downside risks for world economic growth continue to increase, the most pressing risk is still the policy action is delayed and caused by lack of deterioration of the debt crisis in Europe, the United States because the tax cuts expire and automatically cuts the mechanism to start facing fiscal cliff, "will also crack down on their economic growth, emerging economies, policy makers should stand ready to adjust policies to respond to a series of external uncertainty.
 
Global economic prospects dampen investor sentiment, affected the U.S. stock market yesterday opened lower on the three major stock indexes intraday decline of about 0.5%.



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