WASHINGTON, CMC - The International Monetary Fund (IMF) says that a slow-down in emerging markets has resulted in “growing pains” in the Caribbean.
The Washington-based financial institution said that global growth is projected to remain subdued at slightly above three per cent in 2013, the same as in 2012.
It said this is less than forecast in the April 2103 World Economic Outlook (WEO) “driven to a large extent by appreciably weaker domestic demand and slower growth in several key emerging market economies, as well as a more protracted recession in the euro area”.