IMF cuts global growth outlook to 3.3%

The International Monetary Fund has cut its global growth forecast for the third time this year, citing weaker growth in the euro area, Japan and emerging economies like Russia and Brazil.

7th October, 2014
The IMF said heightened geopolitical risks could prove more persistent over the coming year

The International Monetary Fund has cut its global growth forecast for the third time this year, citing weaker growth in the euro area, Japan and emerging economies like Russia and Brazil.

The body cut its forecast for global growth to 3.3 per cent this year and 3.8 per cent next year. Previously, the IMF had expected 3.4 per cent growth this year and about 4 per cent in 2015.

Potential growth rates — the pace at which annual output can...

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