IMF lowers 2014 global growth forecast to 3.4%

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.

Updated on: Jul 24, 2014, 20:58:20 IST

AFP | By HT Correspondent, Washington

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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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