IMF Retains Global Growth Projections; Trims US GDP Outlook

The International Monetary Fund on Monday maintained its global growth projections saying the pickup in global growth remains on track as anticipated in April.

Global output is forecast to grow by 3.5% in 2017 and 3.6% in 2018. The unchanged growth projections mask somewhat different contributions at the country level, the Washington-based lender said in its World Economic Outlook Update.

“Short-term risks are broadly balanced, but medium-term risks are still skewed to the downside,” the Washington-based lender said.

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