IMF Lowers Global Growth Forecast


The International Monetary Fund, IMF, has lowered its forecast for the world economy.

The IMF’s latest World Economic Outlook now predicts global growth of 3.2 per cent this year and 3.5 per cent in 2017.

The Washington-based multi-lateral had previously forecast global growth of 3.4-percent this year and 3.6 percent next year.

Chief Economist at the IMF, Maurice Obstfeld, today described the pace of growth as increasingly disappointing.

Mr. Obstfeld, says the downgrade in the growth forecast for the global economy is due to a widespread slowdown across all types of economies.

He said this trend has left the world economy more exposed to negative risks.

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Abka Fitz-Henley is a multiple award-winning journalist who is currently the Senior Reporter at Nationwide News Network (NNN). His primary areas of focus are Court, Crime and Parliamentary proceedings. Fitz-Henley was recently recognized in the regional celebrity magazine publication Panache as “The Breaking News Boss”. At 21 years of age, following his 1st year in media, Fitz-Henley was recognized with the Young Journalist of the year award from The Press Association of Jamaica and went on to cop one of the country’s highest recognized journalism prizes, the Journalist of the Year Award. He’s also been awarded the prestigious Corporate Jamaica Broilers Fairplay 1st place Award for investigative journalism and is the recipient of the Caribbean Blog Award for coverage of the infamous Kartel murder trial. Fitz-Henley is also the recipient of the PM Youth Award for Excellence. Over the years, he has appeared as a guest on the BBC World Service and BBC London.