LIMA, Peru (AP) — China’s slowdown and tumbling commodity prices will push global economic growth this year to the lowest level since the recession year 2009, the International Monetary Fund predicted Tuesday.
In a report Tuesday in advance of the IMF-World Bank annual meetings here this week, the fund says the world economy will grow 3.1 percent this year, down from a July forecast of 3.3 percent and from 3.4 percent growth last year.
“The risks seem more tilted to the downside than they did just a few months ago,” IMF chief economist Maurice Obstfeld, told reporters.
Still, Obstfeld downplayed the risk of …read more
Source: KXAN
