Tag: ADVANCED ECONOMIES

IMF cuts global forecast for 2015

A new IMF report says a gradual recovery continues, but global growth is forecast to be slightly down for 2015, reflecting an unexpected setback to economic activity in the first quarter of 2015, mostly in North America. IMF’s economist Olivier Blanchard said, “If you look at advanced economies, they’re actually suffering from the legacies of the crisis. Looking forward, their potential growth is clearly lower. If you look at the emerging market economies, they really […]