IMF warns global growth could be 'derailed' over the next two years

Discussion in 'Economics' started by OddTrader, Jan 19, 2016.

  1. Q
    IMF warns global growth could be 'derailed' over the next two years

    Date
    January 19, 2016

    http://www.theage.com.au/business/t...next-two-years-warns-imf-20160119-gm9bo1.html

    The IMF's world economic outlook update confirms what some economists have been warning about for months – growth is lacklustre in developing economies, and is contracting in countries such as Russia, Brazil, and Latin America.

    The IMF revisions show global growth of 3.4 per cent in 2016 (down from 3.6 per cent in October) and 3.6 per cent in 2017 (down from 3.8 per cent in October).

    They also show the US economy growing by 2.6 per cent in 2016 and 2017, down from 2.8 per cent, and the eurozone growing by just 1.7 per cent, down from 1.8 per cent.

    UQ