- 2015 estimate unchanged at 4.0% using updated purchasing power parity weights (Whatever the hell that is)
- Advanced economies growth lowered also to 1.8% from 2.2% for 2014. 2015 at 2.4%
- Emerging markets growth cut to 4.4% from 4.8% for 2014. Sees 2015 at 5.2%
- Says lower than expected growth in China, US, Russia and EM’s prompted global cut
- Says monetary policy should remain accommodative in all major advanced economies
- Geopolitical risks higher now that in April forecasts due to Middle East and Ukraine developments
- Sees Risk of stagnation in advanced economies over long term
These are updates to the IMF’s World economic outlook report
“The global growth projection for 2014 has been marked down by 0.3 percent to 3.4 percent, reflecting both the legacy of the weak first quarter, particularly in the United States, and a less optimistic outlook for several emerging markets. With somewhat stronger growth expected in some advanced economies next year, the global growth projection for 2015 remains at 4 percent”
