Global growth just ain’t what it used to be.
At least that’s the latest read from the International Monetary Fund (IMF). On Tuesday, the IMF lowered its global growth forecast for 2015, while also issuing a warning about the risks posed by increasing geopolitical tensions, as well as by an equity market trading at what it described as “frothy” levels.
The IMF now indicates the global economy will grow at a 3.8% pace next year, which is a downgrade from the July forecast for 4% growth. The bright spot in the global growth picture actually is U.S. economic growth, which the IMF added is helping lead a worldwide acceleration, albeit one that is expected to be slightly weaker than what was anticipated in July. The IMF said weakness in the euro zone, Brazil, Japan and Russia all are pulling down overall economic growth.
Read more about how the IMF growth forecast impacts investors at Eagle Daily Investor.
