Forecasts throw doubts over global prospects: official

Prospects for the global economy remain uncertain in the face of lower growth forecasts, a senior mainland transport official said yesterday.

Xu Zuyuan, vice-minister at the Ministry of Transport, noted that the International Monetary Fund expected 3.5 per cent growth in the global economy this year, a figure lower than the 2011 result. At the same time, the World Trade Organisation's estimate of a 3.7 per cent rise "was lower than the average of the past two decades".

via Business feed http://www.scmp.com/business/economy/article/1041917/forecasts-throw-doubts-over-global-prospects-official