Economics
IMF Cuts Global Growth Forecast to 3.4% in Year of ‘Great Challenges’
- Fund cuts 2016 growth forecast to 3.4% from 3.6% in October
- 2016 will have `great challenges', IMF chief economist says
IMF Global Forecast 'Largely Nonsensical': Paul Donovan
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The six-year-old global recovery is showing some rust.
The International Monetary Fund cut its world growth outlook, as the commodities slump and political gridlock push Brazil deeper into recession, plunging oil prices hobble Mideast crude producers, and the rising dollar curbs U.S. prospects.