IMF cuts global growth outlook for 2016

The International Monetary Fund (IMF) has downgraded its forecast for this year’s global economic growth to 3.4 percent which is 0.2 percent lower than its October outlook.

For 2017, the IMF projects 3.6 percent growth.

"Risks to the global outlook remain tilted to the downside and relate to ongoing adjustments in the global economy," the IMF's World Economic Outlook report said, adding “if key challenges are not successfully managed, global growth could be derailed.”

The slowdown and rebalancing of the Chinese economy, lower commodity prices, and strains in some large emerging market economies will continue to weigh on growth prospects in 2016–2017, said the IMF .... https://www.rt.com