WASHINGTON: The International Monetary Fund (IMF), keeping first half year’s weaker global economic activity, has revised down its forecast for annual global growth for next years.
According to the IMF’s semi-annual World Economic Oultook report, the global economy will grow by 3.3 percent, down 0.1 percentage point from July and 0.4 point less than estimates made in April. The 2015 outlook has been lowered to 3.8 percent growth, from the 4.0 percent previously forecast, the global crisis lender said.
The report cited mounting geopolitical tensions in the Middle East, Ukraine and other regions as serious threats to global growth, adding that for the time being those conflicts had mostly been confined to the regions involved in economic terms. But the lender warned there were tangible risks of more widespread disruptions in the months ahead.
