The IMF Warns That Its Global Growth Forecast Could Get Even Worse

by Reuters

That’s awfully ominous.

The International Monetary Fund may cut global growth forecasts further in the coming weeks, Financial Counsellor Jose Vinals said on Thursday, calling on policymakers to take comprehensive measures to strengthen their economies.

In January, the Fund projected global growth of 3.4% in 2016 and 3.6% in 2017, having revised down its October forecast for both years by 0.2 percentage point.

“It is very likely that by the time that we arrive at the spring meetings next month there may be a further downward revision in our forecasts,” Vinals said during an event organized by the Reserve Bank of India.

Continue Reading at…