Christine Lagarde (AP/Evan Vucci)The International Monetary Fund is downgrading its forecast for global economic growth and says falling commodity prices and jumpy financial markets have raised global risks.In a report Tuesday in advance of the IMF-World Bank annual meetings this week in Lima, Peru, the fund says the world economy will grow 3.1 percent this year, down from a July forecast of 3.3 percent and slowest since the recession year 2009.”Downside risks to the world economy appear more pronounced than they did just a few months ago,” the fund said in its World Economic Outlook.The fund predicts the United States …read more
Source: The Jakarta Post
