The broad US “sequester” spending cuts that take effect beginning Friday will slow growth in the world’s biggest economy and hit the global economy, the International Monetary Fund said Thursday.
“There will be an impact on global growth,” IMF spokesman Bill Murray said. “We’ll have to reevaluate our growth forecast for the United States and also our other forecasts.”The Raw Story
International Monetary Fund: ‘Sequester’ cuts will slow global economic growth
Agence France-Presse
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