IMF cuts global growth forecast on back of EM challenges
Largest changes come in Brazil, where the MPC meets today
The International Monetary Fund cuts its global growth forecasts today (January 19). It still expects growth to pick up over the next two years, but at a "more gradual" pace than anticipated in October. Inflation, meanwhile, is on the up in some quarters.
Its new forecasts see global growth rising from 3.1% last year to 3.4% in 2016 and 3.6% in 2017. Both figures have been cut by 20bp since its October projections. Maurice Obstfeld, the IMF chief economist, said emerging markets and developing
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