IMF World Economic Outlook:
- Update from the January forecasts
- IMF 2015 global economic growth forecast 3.5% vs 3.5% prior
- October projection was for 3.8% 2015 GDP growth
- 2016 forecast raised to 3.8% vs 3.7% in January
- Emerging market growth forecast of 4.3% unchanged
- IMF sees US growth this year at 3.1% vs 3.3% in January
- IMF sees US growth in 2016 at 3.1% vs 3.3% in January
- IMF hikes India growth forecast to 7.5% this year and next from 6.3% and 6.5% in January
- China forecast unchanged at 6.8% this year and 6.3% next but sees risks of further slowdown
- Sees Eurozone GDP up .1.6% vs 1.3% in January
- Full report (pdf)
The US dollar doesn't like these numbers at all. EUR/USD fresh high at 1.0686 and cable rips to 1.4789.
Update: Live video of the press conference with chief economists Blanchard.
Blanchard today.
Here is the full table of IMF forecasts.
Blanchard:
- Eurozone and Japan need exchange rate depreciation
- The world is in a better place in terms of foreign exchange exposure
