These Are the Winners and Losers in the IMF's New Global Growth Forecasts

Big downgrades in the U.S. and Mexico.

IMF's Obstfeld: Need 'Policy Punch' to Get Economy Moving

The global economy is moving "sideways" this year, according to the IMF, as it upgraded its growth projections for a slew of emerging markets while downgrading its outlook for advanced economies. 

In its semi-annual update to the World Economic Outlook report on Tuesday, the Washington-based lender forecast a healthy rate of expansion this year for emerging Asia's two largest markets, a sharp contraction for a clutch of commodity-producing nations, and a mixed outlook for advanced economies.

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