IMF says it may further cut global growth forecast

The Wall Street Journal

The world’s largest economies should agree to a coordinated increase in government spending to counter the growing risk of a deeper global economic slowdown, the International Monetary Fund said Wednesday.

The IMF said recent market turmoil and sluggish output in rich countries may force it to cut its forecast even further, a little over a month after downgrading its estimate for global growth this year to 3.4%.

“Activity softened towards the end of 2015 and the valuation of risky assets has dropped sharply, especially in advanced economies, increasing the likelihood of a further weakening of the outlook,” the fund said in a report prepared for the Group of 20 largest economies.

http://www.marketwatch.com/story/imf-says-it-may-further-cut-global-growth-forecast-2016-02-24?dist=tbeforebell

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