The full text of the latest IMF World Economic Outlook has been released.

Here are the highlights of changes in growth estimates. US growth was slashed by 1.1 pp while Spanish and UK growth for this year and next were substantially upgraded.

IMF table

IMF table

The emerging market story is depressing as well with Brazilian & Mexican forecasts 0.6 pp lower, Russia 1.1 pp lower and China 0.2 pp lower.