Legacies, Clouds, Uncertainties

IMFAccording to the International Monetary Fund, economic setbacks and an uneven global recovery are expected to continue. Largely due to weaker-than-expected global activity in the first half of 2014, the growth forecast for the world economy has been revised downward to 3.3 percent for this year, 0.4 percentage point lower than in the April 2014 World Economic Outlook (WEO). The global growth projection for 2015 was lowered to 3.8 percent. Read more