Business

IMF lowers 2014 global growth forecast to 3.4%

  • AFP, Washington
  • |
  • Updated: Jul 24, 2014 08:58 IST

The International Monetary Fund lowered its 2014 global economic growth forecast Thursday, noting "negative surprises" from the United States and China and geopolitical risks in Ukraine and the Middle East.

The IMF projected global growth of 3.4% for this year, down from its April estimate of 3.7%.

 

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