IMF Cuts Global Growth Forecast On India Slowdown

Global Growth Forecasts Lowered
Global Growth Forecasts Lowered

Global growth for 2020 is projected at 3.3 percent, which is 0.1 percentage point less than the forecast made in October, the international lender said in the January update to its World Economic Outlook report.

The growth rate is projected to rise to 3.4 percent next year, which is 0.2 percentage points less than the October forecast.

The growth estimate for 2019 was lowered to 2.9 percent from 3.0 percent.

The 2019 global growth estimate and 2020 projection would have been 0.5 percentage point lower in each year without monetary stimulus, the IMF said.