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IMF Sees Modest Improvement for World Economy

January 25, 2013

The International Monetary Fund is projecting a modest rise in global economic growth for 2013, but also warning that problems in the eurozone and the United States could derail momentum.

The euro fell against the dollar on the news, down to $1.3307 in afternoon trading from $1.3317 late Tuesday.

The report Wednesday, an update of the fund's World Economic Outlook, largely tracked the initial estimate from October, revising global growth down slightly by one-tenth of a percentage point, to 3.5 percent. The world economy grew 3.2 percent in 2012, according to IMF estimates.

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