IMF says global economic growth remains elusive
It trims 2015 projection to 3.1%; recovery in advanced economies expected to pick up slightly
Lima, Peru
THE International Monetary Fund (IMF) on Tuesday downgraded its forecast for global economic growth in 2015, saying that growth still remains "elusive" six years after the world economy emerged from its deepest postwar recession.
In its latest World Economic Outlook (WEO), the IMF suggested that the global economy has entered uncharted waters in terms of knowing whether the protracted slowdown is due to short-term factors or whether deeper structural trends are at work.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
When US diplomats visit China, meal choices are about more than taste buds
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb