BUSINESS IMF cuts global growth projection

BUSINESS

IMF cuts global growth projection

Xinhua

21:11, January 20, 2020

DAVOS, Switzerland, Jan. 20 (Xinhua) - The International Monetary Fund (IMF) cut global growth projections on Monday, citing negative surprises in a few emerging markets notably India and increased impact of social unrest.

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Global growth is now projected to rise from an estimated 2.9 percent in 2019 to 3.3 percent in 2020 and 3.4 percent for 2021 -- a downward revision of 0.1 percentage point for 2019 and 2020, and 0.2 for 2021, from the IMF predictions in the October World Economic Outlook. 

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