Mexican Media Brands
IMF Lowers Global Growth Forecast Again
The International Monetary Fund says the pace of global economic growth is “increasingly disappointing,” especially among developing markets, and has lowered its outlook for the second time this year.
#economics
Share
The International Monetary Fund says the pace of global economic growth is “increasingly disappointing,” especially among developing markets, and has lowered its outlook for the second time this year.
The Washington, D.C.-based group warns that any further slowdown could increase the likelihood of new financial shocks ahead. The organization continues to urge the central banks of its 188 member nations to continue stimulating their economies.
The IMF’s latest World Economic Outlook report, subtitled “Too slow for too long,” predicts the world economy will expand 3.2% this year and 3.5% in 2017, down from the rates of 3.4% and 3.6%, respectively, it estimated three months ago.
At this time last year the organization predicted 3.8% global growth in 2016. Continuing downward pressure on oil prices has been a major factor for the adjustments.
The IMF lowered its expansion outlook from 2.1% to 1.9% for the U.S. and cut its growth forecast for Japan to 0.5% from 1.0%. But it raised its expected growth rate for Chia to 6.5% from 6.3%.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.