- The IMF has cut its outlook for global growth to 3.3% amid a weaker Q1 in the U.S., and international turmoil from Greece to China.
- That forecast is down from the 3.5% it projected in April, and 3.4% growth last year. Expectations for 2016 are unchanged at 3.8% growth.
- The fund left 2015 projections in place for China and the eurozone despite pointing to them as causes for the world growth revision.
- It said the U.S. would grow 2.5% this year compared with its April forecast of 3.1%, though it thinks U.S. problems are temporary and set for acceleration as employers hire up.
- IMF World Economic Outlook
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