IMF global downgrade shows surge in investor pessimism

Stephanie Baxter
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The International Monetary Fund (IMF) has revised down its forecast for global growth to 3.1% as economies feel the effect of low commodity prices and China's economic slowdown.

In its latest forecast the organisation downgraded its prediction for 2015 from 3.8%. Global growth fell in the first half of the year, reflecting a slowdown in emerging markets (EM) and a weaker recovery...

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