While you were sleeping: IMF cuts growth outlook

Tue, 07 Oct 2014

By Margreet Dietz Oct. 8 (BusinessDesk) - Equities on both sides of the Atlantic dropped, along with oil, after a report showed Germany’s industrial output slumped more than expected in August, while the International Monetary Fund downgraded its forecasts for the global economy. The euro-zone’s engine economy is spluttering. A government report showed German production, adjusted for seasonal swings, sank 4 percent in August, after increasing 1.6 percent in July. August’s drop was the biggest in more than five years, and came a day after...

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