IMF To Forecast State of The Global Economy
CCTV – The IMF will sound fresh alarm over the state of the global economy this week when it reveals its latest forecasts for growth, alongside its sister body, the World Bank. Already, the World Bank has slashed its forecast growth for Africa down to 3.3% this year, from 4.4%, citing lower global growth and the commodity price crash as key factors in the revision. The IMF’s latest update is expected to reprise warnings about risks from a slowdown in emerging market economies. The new economic outlook is usually published ahead of the IMF and World Bank spring meetings later in the week. It is likely renew its warnings about risks to the global economy, if the US Federal Reserve raises rates back to more normal levels, as some expect it to.
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