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IMF May Cut Global Growth Forecast as Emerging Markets Slow

The International Monetary Fund may cut its global growth forecast because the expansion of emerging market economies is slowing, Managing Director Christine Lagarde said.

The Washington-based fund predicted in April that the world economy would expand 3.3 percent this year.

“I fear, given what we’re seeing in particular in emerging countries, not the developing and low-income countries but emerging countries, that we will be slightly below that,” Lagarde told a conference in Aix-en-Provence, France.

The IMF is scheduled to publish new forecasts later this week.

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