The IMF has further worsened its global economic outlook

The IMF has further downgraded its forecast for global growth this year and next year, and revised downwards its GDP growth estimate for 2019, as revised by the International Monetary Fund (IMF) in a report released last October to the MTI, the World Economic Outlook (WEO).

Global economic growth, according to the latest IMF calculations, was 0.1 percentage points lower than the 3.0 percent reported by the October WEO report in 2019 ie 2.9 percent. The IMF lowered its GDP growth forecast for this year to 3.3 percent from the 3.4 percent in October last year and lowered its 2021 growth forecast by 0.2 percentage points to 3.4 percent. Global economic growth in 2018 was 3.6 percent. (MTI)