Grim IMF forecast on eurozone growth


As the International Monetary Fund and World Bank begin their Spring meetings in Washington, the eurozone crisis remains a key concern.

The growth forecast for the eurozone has been cut to -0.3% in the IMF's World Economic Outlook report for 2013.

It predicts Germany, the strongest economy, expected to grow will by 0.6%, but that France is on course to shrink by 0.1%.

But the picture is rosier for emerging nations, as the IMF's chief economist, Olivier Blanchard, told reporters.

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