IMF Reduces 2015 Global Growth Forecast

Finance and Trade
14/07/2015 08:29

The International Monetary Fund has slightly reduced its expected global growth for 2015 to 3.3% from 3.5%, saying it was due to weaker-than-expected economic activity in North America during the first quarter. Other factors in the downward revision included a rebound in oil prices, rising bond yields and weak inflation.