Tuesday, January 20, 2015

IMF LOWERS GLOBAL GROWTH FORECAST

The International Monetary Fund has cut its global economic growth forecast for this year and 2016.

In October the IMF was predicting the world would see 3.8% growth this year - but it now expects 3.5%.

And it has cut 2016's forecast to 3.7%.

The IMF says the global economic recovery is weakening despite falling oil prices.

It now expects growth of just 1.2% in the euroarea this year.

Danny Cox of stockbroker Hargreaves Lansdown says the IMF is notably less optimistic than only a few months ago.

IN: "This revised….
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