The International Monetary Fund (IMF) has slashed its growth forecasts for most major countries, warning the eurozone crisis threatens to pull the global economy into a slump.
It downgraded the world’s growth forecast from 4.1% to 3.3%, and cut the UK’s growth outlook from 1.6% to 0.6%.
The IMF also expects the eurozone to experience a recession in 2012, with the region’s economy shrinking by 0.5%.




