IMF predicts global growth to be sluggish in 2016
The IMF predicted global growth to be sluggish at 3.1 percent in 2016 improving slightly to 3.4 percent next year. This is the same level of growth predicted in the last IMF report in July.
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|The October 2016 IMF World Economic Outlook warned that slow growth in advanced economies could very well fuel anti-trade settlement which could stifle growth even more. The IMF urged countries to use monetary, fiscal, and structural policies that would encourage growth. The report cited a slowdown in the US and the UK Brexit vote as keeping growth subdued.|