The International Monetary Fund has trimmed its global economic growth projection for 2014, projecting a slower advance in the United States and a less optimistic outlook for several emerging markets.
The Washington-based IMF cut its world forecast Thursday to a 3.4 percent advance this year, down three-tenths of a percentage point from its earlier projection. But with somewhat stronger growth expected in advanced economies in the coming months, the IMF maintained its 4 percent growth projection for 2015.
In the update of its world economic outlook, the IMF said “downside risks” remain a worry for the world economy, including the possibility that …read more
Source: Voice of America
