Lima (AFP) – The IMF on Tuesday cut its growth forecast for the world economy for 2015 and 2016, warning of growing risks from the slowdown in China and other emerging markets.The global economy will expand just 3.1 percent this year and 3.6 percent next year, the IMF predicted, revising down its previous forecasts by 0.2 percentage points in both cases.Even though wealthy countries are showing signs of recovery — led by US growth forecasts at 2.6 percent for 2015 and 2.8 percent for 2016 — the world economy is on track for its worst year since the global recession …read more
Source: Business Insider
