The International Monetary Fund (IMF) has lowered this year’s economic growth outlook for the global economy.

The IMF forecast Tuesday that the world economy would grow three-point-three percent this year, down from an initial projection of four percent issued last September.

The IMF marked down its forecast, citing deteriorating growth outlooks amid the deepening euro zone debt crisis and worsening conditions in emerging economies.

In particular, the IMF forecast that countries hit by the euro zone debt crisis will inevitably see negative growth this year. It lowered its growth outlook for the entire euro zone minus half a percent from an initial one-point-point percent.

The growth outlook for Brazil, Russia, India and China was marked down to five-point-four percent from six-point-one percent.

South Korea was not included in the IMF’s revised growth outlook report.