IMF cuts global growth forecasts

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Photo: Flickr/freeimage4life

The International Monetary Fund today (September 9) has downgraded its growth forecast for this year and next, citing “there are clouds on the horizon”.

IMF chief economist Maurice Obstfeld said world economic growth has plateaued at 3.7%, in a press conference on the release of the October 2018 World Economic Outlook report.

Though the last forecast released in April 2018 was at 3.9%, the IMF says the latest figure still exceeds that achieved in any of the years between 2012 and 2016.

“Growt

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