IMF Cuts Global Growth Outlook, Says Europe May Worsen Outlook

Flurry of headlines following an unscheduled IMF release:

IMF CUTS GLOBAL GROWTH ESTIMATE, SAYS EUROPE MAY WORSEN OUTLOOK
IMF SAYS DOWNSIDE RISKS ARE GROWING
IMF SAYS ECB SHOULD CUT INTEREST RATES IF DEBT TENSIONS PERSIST
IMF CUTS U.S. 2011 GROWTH ESTIMATE TO 1.5% VS 2.5% SEEN IN JUNE
IMF CUTS U.S. 2012 GROWTH ESTIMATE TO 1.8% VS 2.7% SEEN IN JUNE
IMF CUTS 2012 EURO-AREA GROWTH PREDICTION TO 1.1% VS 1.7%/JUNE
IMF CUTS 2011 WORLD GROWTH FORECAST TO 4% FROM 4.3% IN JUNE
IMF CUTS 2012 WORLD GROWTH FORECAST TO 4% FROM 4.5% IN JUNE
IMF SAYS ECB MUST KEEP INTERVENING `STRONGLY' IN DEBT MARKETS
IMF CUTS SPANISH GROWTH FORECAST FOR 2012 TO 1.1%
And stagflation: IMF raises estimates for China's inflation in 2011 and 2012, trims forecasts for China's GDP growth in 2011 and 2012
SOURCE: BBG;SOURCE:http://www.zerohedge.com/news/imf-cuts-global-growth-outlook-says-europe-may-worsen-outlook)

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