OutlookBased on current International Monetary Fund (IMF) projections, the estimate for global GDP growth has been reduced to 3.5 percent in 2012, representing the second downward revision to growth estimates this year. The IMF highlights that the global economic recovery has weakened considerably and continues to face further downside risks. The IMF notes that the European debt crisis continues to be one of the largest risk factors, particularly as growth momentum slows in emerging markets, including China, Brazil and India. The IMF also notes that momentum appears to be slowing in the United States, a region that was previously forecast to experience more robust growth. Weaker growth is now forecast for both advanced and key emerging economies in the second half of 2012. As a result, the IMF also cut its 2013 global GDP growth forecast to 3.9 percent.
GrafTech Reports Second Quarter 2012 Results
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