IMF presents sombre two-year projections for global economy

Tokyo

THE International Monetary Fund (IMF) on Tuesday revised downwards global economic growth projections in the latest update to its flagship World Economic Outlook (WEO) report. But, at the same time, it forecast a continuing modest pick-up in activity over the coming two years.

The report comes amid a sea of turbulence in financial markets, a sharp slowdown in China and other emerging economies and what the IMF says are growing geo-political risks in various regions of the world.