IMF Lowers Forecast for Global Economic Growth

The International Monetary Fund (IMF) recently announced the lowering of its forecast to 3.5% growth for 2015 as compared to growth projections of 3.8% in October 2014. This downgrade is expected despite the fall in oil prices, which is positive for most countries.

IMF aims to help its 188 members’ government “take advantage of the opportunities – and manage the challenges – posted by globalization and economic development”.

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