Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

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

Don't Miss Out —
Follow us on:

Nov. 21 (Bloomberg) -- 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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.