Mubasher: The International Monetary Fund’s (IMF) latest world economic outlook is gloomy, Capital Economics suggested in a report released on Wednesday.
The London-based research consultancy expected the IMF expectations to be lowered further in the next year.
The IMF’s latest set of economic projections, released earlier today, showed a global growth of close to 3% this year, and 3.4% in 2017.
Capital Economics believes that the IMF’s latest forecasts will be downgraded further, for a start, the Fund seems to be too upbeat on the prospects for the euro-zone, according to the report.
The IMF expects growth in the euro-zone to slow next year to 1.5%, but Capital Economics think it will slow to around 1%.
The research firm said that the IMF is anticipating stronger growth in many emerging markets than it thinks is likely.
The report expected global growth to record 2.6% this year.
