Monday, January 19, 2015

IMF cuts forecasts for global economic growth … the wait – TSF Online

IMF cuts forecasts for global economic growth … the wait – TSF Online

According to the update to the ‘World Economic Outlook’, published today, the Fund expects the world economy to grow 3.5% in 2015 and 3.7% next year, down 0.3 tenths of which provided in October in both cases.

In developed economies, it is expected that growth will increase to 2.4% both in 2015 as in 2016, a forecast virtually unchanged from the previously advanced, but highlighting the differences between the US growth rates, on the one hand, and the eurozone and Japan on the other.

The institution led by Christine Lagarde improved growth forecasts of the US economy for 3.6% in 2015 (+0.5 points compared to October) and to 3.3% in 2016 (+0.3 points), while anticipating a less favorable performance of both the euro area and Japan.

The economies of the European single currency will grow 1.2% in 2015, and the IMF cut by 0.2 points its estimate, slightly accelerating to 1.4% in 2016, and the revised Fund its forecast downwards by 0.3 points.

In the case of the Japanese economy, the IMF expects to grow 0.6% in 2015 and 0.8% in 2016, representing a review in lower than 0.2 points and 0.1 points, respectively.

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