Arab Today, arab today imf lowers 2016 global growth forecast amid rising risks
Last Updated : GMT 12:41:09
Arab Today, arab today
Arab Today, arab today

IMF lowers 2016 global growth forecast amid rising risks

Arab Today, arab today

Arab Today, arab today IMF lowers 2016 global growth forecast amid rising risks

The International Monetary Fund
Washington - XINHUA

The International Monetary Fund (IMF) on Tuesday lowered its forecast for global growth in 2016 down to 3.2 percent, saying that the global economy is growing at a sluggish pace that leaves the world economy more exposed to risks.

The world economy is projected to grow 3.2 percent in 2016 and 3.5 percent in 2017, a downward revision of 0.2 percentage point and 0.1 percentage point respectively, compared with the IMF's forecasts in January, according to IMF's flagship report World Economic Outlook (WEO) released on Tuesday.

"The downgraded forecasts reflect a broad-based slowdown across all country groups," said Maurice Obstfeld, chief economist at the IMF, at a press conference on Tuesday.

"The weaker the growth, the greater the chance that the preceding risks, if some materialize, pull the world economy below stalling speed, where demand is insufficient to avoid a low-growth and deflationary equilibrium."

The global lender forecast that the Chinese economy would expand by 6.5 percent in 2016 and 6.2 percent in 2017, both up 0.2 percentage point from its January's predictions.

The U.S. economy is expected to grow 2.4 percent in 2016 and 2.5 percent in 2017, down 0.2 percentage point and 0.1 percentage point respectively from its previous forecasts.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf lowers 2016 global growth forecast amid rising risks Arab Today, arab today imf lowers 2016 global growth forecast amid rising risks

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf lowers 2016 global growth forecast amid rising risks Arab Today, arab today imf lowers 2016 global growth forecast amid rising risks

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday