IMF sees poorer outlook for the global economy – tagesschau.de

IMF sees poorer outlook for the global economy – tagesschau.de

Date: 01/20/2015 05:24 clock

The world economy will grow more slowly than expected this year. The International Monetary Fund (IMF) screwed its forecast for global growth by 0.3 points to 3.5 percent down.

why are some weaker outlook in China, Russia, Japan and the euro area, it was said at the launch of the report in Beijing. Benefits of falling oil prices would be made by other factors such as unfavorable weaker investment due to lower growth expectations dashed. Stagnation and low inflation still give cause for concern in Japan and the euro-zone, it was said by economists.

As the only major industrial country growth forecast for the United States was due to strong domestic demand in 2015 by 0.5 points to 3.6 percent corrected upwards.

lowered forecasts for Germany and the euro area

For Germany, the IMF says only 1.3 percent growth this year and 1.5 percent next year before. These are 0.2 and 0.3 points less than in the past. The forecast for the euro zone was corrected by 0.2 points down to 1.2 percent. 2016 will be 1.4 percent -. And 0.3 percentage less

In the second largest economy in China, in 2014, at 7.4 percent so slowly grew as since 24 years, not more, growth is expected to continue to fall to 6.8 percent this year. Which is 0.3 points less than the previous forecast in October. In China, the economic slowdown will continue – albeit at a high level, the economists predicted. The economy is expected to grow by 6.8 percent in 2015, therefore, less than the least expected 7.1 percent.

Russia threatens drastic slump

The prospects for Russia’s economy were drastically lowered down. The local economy is expected to shrink by 3.0 percent due to lower revenues from oil exports and the political tensions in this year, the IMF predicted. For the coming year, a decline of 3.0 percent was predicted. So far, the IMF had estimated a slight increase in 2015.

In many economies money must be invested in infrastructure. The IMF also advocates to continue to push the economy through monetary policy and thereby initiate unconventional steps – but does not mention explicitly the European Central Bank. The ECB will decide on Thursday whether she launches her controversial program to buy government bonds.