Focus On Growth Not Cuts, IMF Tells World Leaders As Fears Deepen That European Recession Will Fuel Global Slow-Down -- Daily Mail
* World economy to grow 3.25% this year, down from earlier forecast, says International Monetary Fund
* Greek default crisis dealt fresh blow as finance ministers reject offer from country's creditors
* U.S. told to cut back on welfare spending ahead of President Obama's State of Union speech tonight
World leaders were today urged to focus on growth more than budget cuts this year as fears deepened that recession in Europe will slow the global economy.
The International Monetary Fund (IMF) predicts global growth of 3.25 per cent in 2012, slower than the 4 per cent it projected in September.
In turn, the 17 nations that share the euro will shrink 0.5 per cent this year, compared to its forecast for 1.1 per cent growth four months ago.
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MIDDLE EAST
Yemen's Saleh seeks exile in reluctant Oman: diplomats.
At least 19 killed in spate of attacks in Iraq. In first month after US exit, Iraq's sectarian clashes have killed 170.
Israel jails Palestinian parliament speaker without trial.
Iran summons Danish envoy to protest EU ban.
Europe and U.S. tighten vise of sanctions on Iran.
Gulf states pull observers from Syria mission. Gulf Arabs quit Syria monitoring mission.
Iran says sanctions to fail, repeats Hormuz threat.
Turkey's Erdogan attacks France on genocide law.
Saudi female driver who defied ban dies in fatal accident.
ASIA
Hundreds of rebels lay down weapons in India state.
In Pakistan, coup looms but does not strike.
Gunmen in southern Philippines kill 15 fishermen.
Tajik police arrest anti-narcotics officials on drug smuggling allegations.
China 'protecting Kim Jong-nam'.
Report: China police fire on Tibetans, killing 3.
Year of the Dragon roars into Asia.
AFRICA
Kenya sets up legal team to help respond to ICC.
Typhoid outbreak hits Zimbabwe.
Anger, chaos but no revolt after Libya violence.
Libya: Gaddafi loyalists 'capture Bani Walid'.
Truck bomb explodes at Ethiopian military base in Somalia, al-Shabab claims attack.
Nigerians arrest Islamist militant suspects, sources say.
1st Parliament session shows Egypt's new political landscape. Egypt parliament opens amid chaos.
4 leading Kenyans charged in '07 election violence.
EUROPE
Romanians demand elections as prime minister Emil Boc urges unity.
Europe poses global recession threat: IMF.
UK debt passes £1 trillion for the first time.
Putin warns ethnic tensions risk tearing Russia apart.
New U.S. envoy steps into glare of a Russia eager to find fault.
IMF's Lagarde calls for bigger eurozone firewall.
Costa Concordia rescuers find 16th body.
AMERICAS
UN police in Haiti accused of sexual abuse.
US Republican hopeful Mitt Romney 'pays 13.9% tax'.
White House delays release of 2013 budget.
Canada deports Rwanda genocide suspect Leon Mugesera.
Mexico Navy takes over traffic police in top port.
Mexico: The unstoppable Los Zetas.
Private security for Mexican citizens a growing business in Austin, state.
Rwanda war-crimes suspect deported.
TERRORISM/THE LONG WAR
West African states to work together against terror.
UK trial of 9 on US embassy terror plot begins.
U.N. rights chief: U.S. must close Guantanamo.
ECONOMY/FINANCE/BUSINESS
IMF warns of another great depression.
IMF cuts growth forecast for all but U.S.
Insider is surprise pick as new BlackBerry CEO.
Thousands to attend anti-capitalist forum in Brazil.
Outlook for global labour market worsens, ILO says.
Rising wealth of Asians straining world fish stock.
IMF's Christine Lagarde warns of '1930s moment'.
IMF: Global economy 'in danger zone' over euro crisis.
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