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Good Morning Nigeria: Deterioration in the IMF’s global outlook

​Deterioration in the IMF’s global outlook

The IMF’s latest World Economic Outlook (WEO) is entitled Subdued Demand, Diminished Prospects. For this update, the Fund has again trimmed its forecast for world output growth in 2016, from 3.6% to 3.4%. The principal losers for 2016 are the US (to 2.6% from 2.8%), Brazil (to a contraction of -3.5% from -1.0%) and Russia (to -1.0% from -0.4%). India continues to enjoy the highest forecast growth both this year and next. The projections for China are again unchanged. Today we should see Q4 2015 data out of Beijing.

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