IMF slowdown

Chris Lagarde

Are Global Prospects So Grim?

The IMF forecasts a slowdown in world growth this year. GDP will barely exceed the 3% recession frontier. As usual, it has also cut its 2017 estimate, now running at 3.5%. Unless governments agree on unspecified action, this scenario points to long-term underperformance and virtual stagnation, much in line with Larry Summers’s underlying views.