IMF Cuts Global Economic Growth Forecast Again

The IMF cut its global growth forecast for the fifth time this year.  Growth in 2013 and 2014 will be lower than it was in their most recent forecast.  Slow growth in Europe, and changes in US fiscal and monetary policies, are affecting growth in BRIC countries that have been providing much of the growth in the global economy.  The emerging market economies are heavily dependent upon growth in the developed world.