Asian shares rise, growth worries cap
TOKYO (Reuters) – Asian shares rose on Tuesday but were capped by concerns over global growth prospects, especially in the world’s second-biggest economy China, and expected weak U. S. corporate earnings. The International Monetary Fund cut its global growth forecast on Tuesday to a 3. 3 percent expansion for 2012, down from its July estimate of 3. 5 percent, making it the slowest year of growth since 2009. It warned U. S. and European policymakers that failure to fix their economic ills would prolong the slump. The IMF also said on Tuesday that China’s economic growth is expected to weaken to 7. . . .
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