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IMF chief economist, Maurice Obstfeld, presenting October 2015 World Economic Outlook at press conference in Lima, Peru(IMF photo)
The IMF’s latest World Economic Outlook (WEO) shows global growth at 3.1 percent this year, down from 3.4 percent in 2014. The report says while outlooks vary from country to country, the new WEO forecasts predict slower near-term growth nearly across the board, with increasing downside risks to the world economy as commodity prices continue to fall.
Maurice Obstfeld, Economic Counsellor and Director, Research Department, IMF