IMF chief Christine lagarde on Sunday signalled that her organisation would be lowering slightly its global economic growth forecasts, which are set to released in the next few days.
lagarde noted that the International Monetary Fund, along with the World Bank, back in April said that the global economic recovery was advancing at mainly three different speeds, from an average 5.5 per cent in emerging economies to 2.0 per cent in advanced countries like the United States and Australia, to the essentially deadlocked economies of the eurozone.
“We, therefore, had a (global) growth forecast which was about 3.3 percent, but I am afraid when taking into account what we are currently seeing in the economies of the emerging countries in particular ... I am afraid that we are perhaps a little bit below” the previous forecast, lagarde said at an economic meeting held in the southern French city of Aix-en-Provence.