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