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To: Jerry Olson who wrote (1417)	8/22/2002 2:27:45 PM
From: Frederick Langford	Respond to of 1854

IMF Cuts Outlook for Most Major Economies biz.yahoo.com Thursday August 22, 12:08 pm Eastern Time Reuters Business Report IMF Cuts Outlook for Most Major Economies FRANKFURT (Reuters) - The International Monetary Fund in its World Economic Outlook cut its growth forecasts for most major global economies, a newspaper reported on Thursday. Germany's Handelsblatt said the Fund cut its growth outlook for the U.S. economy for this year by 0.1 percentage point to 2.2 percent and by 0.8 percentage point to 2.6 percent for 2003. Handelsblatt said the figures were based on a copy of the IMF's World Economic Outlook which is due to be released late in September. The IMF kept its outlook for the global economy unchanged at 2.8 percent growth this year, but lowered the outlook for 2003 by 0.3 percentage point to 3.7 percent. It also lowered the outlook for the euro zone economy for this year to 1.1 percent and 2.5 percent for next year, but raised the outlook for Japan this year by 0.5 percentage point to a 0.5 percent contraction. Fred