IMF to Lower Global Growth Forecast
World Economy

IMF to Lower Global Growth Forecast

The International Monetary Fund is likely to revise downwards its estimates for global economic growth due to slower growth in emerging economies, IMF head Christine Lagarde said in a newspaper interview, ForexSpace reported. “We are in a recovery process whose pace is decelerating. There is a shift between emerging countries and developed countries. The first ones, who were driving a global recovery not so long ago, are slowing down. The others are seeing their momentum accelerate. This should lead us to revise downwards our growth forecasts,” Lagarde told Les Echos in an interview. “A forecast of 3.3% growth this year is no longer realistic. A forecast of 3.8% for next year neither. We will however remain above the 3% threshold,” she said. The IMF is due to release updated economic forecasts in October.

Short URL : https://goo.gl/IYZy0O
  1. https://goo.gl/P2Cnyb
  • https://goo.gl/0tXIgq
  • https://goo.gl/uzASpX
  • https://goo.gl/wjAK7G
  • https://goo.gl/VRWXsW

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...