Highlights of the semi-annual IMF World Economic Outlook:

  • IMF revises 2014 global growth forecast to 3.6% vs 3.7% in January
  • US growth forecast unchanged at 2.8%
  • China forecast unchanged at 7.5%
  • Emerging markets revised to 4.9% from 5.1%
  • Japan trimmed to 1.4% from 1.7% due to fiscal consolidation
  • Sees Russia at 1.3% compared to 2.0% prior
  • The full January outlook is here
  • The webcast of the outlook is here

IMF chief economists Blanchard said the global recovery is stronger and broader but remains ‘fragile’ and in need of easy money policies.

Olivier Blanchard

Olivier Blanchard

From time to time, these forecasts can impact markets but that’s not the case today.