IMF lowers outlook for global economic growth in 2016-01-20

The I-M-F expects the global economy to grow 3-point-4 percent in 20-16. The figure is an improvement compared to last year but point-two percent lower than a previous estimation. The monetary fund has warned of substantial risks in major emerging market economies amid slower growth in China and a stronger US dollar. It’s also cited that low oil prices and political turmoil in the Middle East could hamper global economic recovery. Regarding Europe, the I-M-F said the refugee crisis poses alarming challenges to the bloc as it tries to restart growth. And it expects Latin America to be dragged into recession by a sharp contraction in the Brazilian economy.