The IMF Cuts Global Growth Forecasts

“The International Monetary Fund (IMF) just cut its forecast for global GDP growth in 2014 to 3.4% from 3.6%.

“Global growth could be weaker for longer, given the lack of robust momentum in advanced economies,” they said via Bloomberg. “Monetary policy should thus remain accomodative in all major advanced economies.”

Among the biggest revisions was U.S. 2014 GDP growth, which was cut to 1.7% from an earlier forecast of 2.8%.

The organization expects the Euro area to expand 1.1%, and Japan to gain 1.5%.

They do, however, expect global growth to accelerate to 4.0% in 2015….”

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