IMF Says Global Growth Likely To Be Weaker Than Thought, Need More Act to Boost Growth

Eurozone brings the global market growth slowdown on "slowly but sure" mode, Global Growth Likely To Be Weaker Than Thought, IMF's Lagarde Says, The International Monetary Fund continues to forecast a gradual recovery for the global economy, but the pace of growth is likely to be weaker than projected earlier, weighed down by risks and policy uncertainty, IMF Managing Director Christine Lagarde said Monday
 
G20 Urges Governments To Do More To Boost Growth, Policy decisions by major central banks will buy governments time to fix the ailing global economy, but risks still remained, Mexican central bank Deputy Governor Manuel Ramos Francia said after a meeting of G20 officials in Mexico City on Monday. "Monetary easing buys time, but the risks are there," he told a news conference after a two-day meeting of Deputy finance ministers and central bank officials from G-20 nations. Mexico is the current chair of G20 Presidency

From Seoul economic news, South Korea Lifts Spending Plans To Weather Global Slowdown, The South Korea government proposed higher spending in its 2013 budget proposal to mitigate the impact of global slowdown and delayed further its target of balancing budget to 2014

Meanwhile, from Asia economic leaders, China Leading Index Advances Despite Subdued Economic Activity, A leading indicator for China's economic activity rose at the fastest pace in seven months in August, raising hopes of a moderate rebound in growth that slowed to a three-year low in the second quarter

From Berlin economic news, German Consumer Sentiment Set To Remain Stable In October, Germany's consumer confidence is set to remain unchanged in October, survey results from market research group GfK showed Tuesday, which slightly eased fears of the economy slipping into a recession