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IMF cuts 2016 global growth forecasts

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    International Monetary Fund (IMF), via its latest outlook released today, revised global growth forecasts lower and stressed the need for monetary stimulus.

    GDP forecasts

    Global growth in 2016 now seen at 3.2% from previous forecast of 3.4%

    US 2016 GDP cut to 2.4% vs 2.6% prior

    Eurozone 2016 GDP cut to 1.5% vs 1.7% prior

    Japan 2016 GDP cut to 0.5% vs 1.0% prior

    China 2016 GDP revised higher to 6.5% from 6.3% prior

    Key points

    Fed hikes should be smooth and gradual and well communicated

    Says fragile world economy needs monetary stimulus

    ECB should keep monetary policy accommodation for an extended period and should be prepared to use other tools

    Brexit would create severe regional and global damage

    Sees further broad based reductions in their baseline growth forecasts for 2016 & 2017
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