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Main » 2015 » October » 6 » The IMF cut its forecast for the world because of Brazil and China
The IMF cut its forecast for the world because of Brazil and China

The IMF cut its global economic forecast, as the prospects for Brazil and Canada have deteriorated.



The International Monetary Fund has become more pessimistic over the past three months with respect to global economic growth. The decline in commodity prices and increased volatility in the financial markets adversely affected, especially in emerging markets.

The new IMF forecast for global growth this year and next was reduced by 0.2 p. P. A year, compared with the July forecast. Pessimism was obvious to Brazil and Canada, in particular, given that the projected reduction in Brazilian production by 1.5 p. P. This year and 1.7 p. P. In the next year, and the decline in GDP of Canada half a point this year and by 0.4 p . p. in the next year.

Low oil prices shook the economies of both countries, with Brazil also suffered from the effects of an economic slowdown in China and the corruption scandal in the state-owned company Petrobras.

Emerging economies such as China and Brazil, are on track to reduce the economic growth for the fifth year in a row, said the IMF.

The forecast for the US from the IMF - 2.6% economic growth this year and 2.8% next year, it is a tenth of the percent increase for this year, and two-tenths decrease in 2016. The IMF forecast slightly more optimistic than the Fed's forecast of growth by 2.1% in 2015 and 2.3% growth in 2016.


Regarding the situation in the world, the IMF said that the persistently low investment activity explains the limited productivity and wage increases.

"The slow potential growth dampens total demand, further limiting investment, forming a vicious circle.Population aging further restricts investments in a number of countries; in some others - institutional weaknesses and political instability, "the report said.


According to the materials WELTRADE


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