2013-06-03 — go.com
The revised 2013 growth forecast of 0.3 percent, down from 0.6 percent only two months earlier, is a result of the persistent uncertainty stemming from the debt crisis in the 17 European Union countries that use the euro, the IMF said. This has led to a worse-than-expected first-quarter performance and hurt both export prospects and investment, it added.
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If German growth slows down further this year as predicted by the IMF, it will make it more difficult for Europe as a whole to emerge from the present recession.
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