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USD Plunges as IMF has downgraded Global and U.S. Economic Growth Forecast

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The International Monetary Fund meeting starts on Friday, however, the international organization warned for a global recession and has downgraded its forecast for the global economic growth on Tuesday. Global expansion has been downgraded for one more time to 3.1% from 3.3% that revised in July. This is the fifth downgrade in a row, based on China’s turmoil and the plummet of commodity prices. For 2016, the forecast for the economic growth was also downgraded to 3.6% from 3.8% before. The

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