IMF cuts world growth forecast

Rappler.com

The International Monetary Fund (IMF) cut its growth forecast for the global economy, pointing to the threat from the Ukraine crisis and the slowdown in major emerging economies. While the world economy has picked up pace, anchored by the United States and China, the global crisis lender pointed to looming risks, from the standoff between Russia and the West over Ukraine, to poorly handled policy in countries like Brazil, and deflation in the euro area. The report, released ahead of the annual IMF-World Bank spring meetings in Washington beginning April 10, cut back the global growth forecast to 3.6% this year and 3.9% in 2015. The global economy grew 3% in 2013.

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