Economics
IMF Cuts Global Outlook as Commodity Slump Hits Emerging Markets
- Brazil, Russia to Contract in 2016; China Forecasts Unchanged
- Advanced-Nation Growth to Accelerate Only Marginally, IMF Says
Chinese home buyers visiting a housing fair in Yichang, in China's Hubei province.
Photographer: STR/AFP via Getty ImagesThis article is for subscribers only.
The global economy is having power problems.
A slowdown in emerging markets driven by weak commodity prices forced the International Monetary Fund to cut its outlook for global growth this year to 3.1 percent from a July forecast of 3.3 percent. Next year the world economy will expand 3.6 percent, less than the 3.8 percent projected in July.