IMF World Economic Outlook report

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13 July 2015

 

The IMF expects global GDP growth to be 3.3% in 2015 down from the April estimate of 3.5%. Much of the reduction is the result of cuts to US GDP growth forecasts but the organisation saw the US issues as temporary and the “underlying drivers for acceleration in consumption and investment in the United States——wage growth, labor market conditions, easy financial conditions, lower fuel prices, and a strengthening housing market—remain...

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