by Szu Ping Chan
The International Monetary Fund has issued a bleak message on global growth. Here are seven charts that highlight the grim outlook facing the world economy.
Growth is faltering (again)
It’s hard to find a country that the IMF didn’t downgrade in its latest forecast. The message from its chief economist was simple: Growth is slowing. Everywhere.
All the world’s major economies saw their growth forecasts trimmed. Japan is now forecast to contract next year.
Maurice Obstfeld was careful not to use the word “crisis”. However, he warned that long periods of lacklustre growth risked “pull[ing] the world economy below stalling speed” and into a “low growth, deflationary equilibrium”.