economy

World economic growth falls below last forecast, only modest improvement foreseen – UN

The world economy has fallen below forecasts of even six months ago and will grow only modestly over the next two years due to “cyclical and structural headwinds,” including low commodity prices and stagnant investment, the United Nations reported today, urging steps to ensure stronger growth.

International Monetary Fund downgrades global growth forecast, despite cheaper oil

Despite a sharp decline in oil prices, the International Monetary Fund (IMF) in its latest economic outlook today lowered growth expectations for this year and the next for most countries due to slowdown in investment, and urged governments and central banks to pursue economic stimulation policies and structural reforms to boost growth.