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IMF’s Zhu Says Global Growth Is Slowing Down ’Significantly’

International Monetary Fund Deputy Managing Director Zhu Min said that global growth is slowing down “significantly.”

“Global economic structure has really gone through a fundamental structure change,” he said at a conference in Vienna today.

After a global GDP growth of 5 percent last year according to IMF measures and the forecast this year for 4.4 percent was lowered to 4 percent in October, he said. “And I can tell you, even that number becomes too optimistic -- if we further adjust that it can only go down.”

To contact the reporters on this story: Jana Randow in Frankfurt at jrandow@bloomberg.net; Boris Groendahl in Vienna at bgroendahl@bloomberg.net

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net

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