IMF cuts world growth outlook from 3.6% to 3.4%
127 views · Published 20 January 2016 · 1:15 · Indexed 8 November 2026
Channel: CGTN Africa · 2016 · News & Politics
The International Monetary Fund cut its world growth outlook, saying that the global economy will expand 3.4 percent this year, down from a projected 3.6 percent in October. The fund also cut its forecast for growth in 2017 to 3.6 percent, down from 3.8 percent three months ago.In a quarterly update to its World Economic Outlook, it justified the change saying a commodities slump and political gridlock pushing Brazil deeper into recession, plunging oil prices destabilizing Mideast crude producers, and a rising dollar curbing U.S. prospects were the main concerns.
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