Slower growth, higher deficit predicted

Article Abstract:

Canadian Finance Minister Donald Mazankowski on Dec 2, 1992, presented the House of Commons with an economic proposal that would cut government spending by $6.1 billion. Mazankowski stated that economic growth would be slower and the federal deficit larger than he had predicted earlier.

Canada, Economic aspects

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IMF projects slow world growth in '93

Article Abstract:

An IMF report predicts that the total world economic growth rate in 1993 will be 2.2%. Its projected US growth rate is 3.2%. The IMF praised Pres Clinton's deficit-reduction plan but recommended further cuts. Forecasts for Japanese and European growth rates are also given.

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IMF trims growth expectations

Article Abstract:

The IMF has reduced its forecast for world economic growth for 1992 to 1.1% from a previous figure of 1.4%. The World Economic Outlook also cut projections for 1993 to 3.1% from 3.6%. Forecasts for the US and other countries are included.

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