IMF revises 2010 growth forecasts downwards. - The International Monetary Fund (IMF) has once again revised its growth forecasts downwards. In its April 2009 World Economic Outlook, the IMF did not foresee any rapid recovery in the world economy. It expects world gross domestic product (GDP) to shrink by 1.3% over the whole of the year, followed by only partial recovery in 2010, with growth of 1.9%. For this turnaround to be achieved, even greater efforts have to be made to restructure the...