IMF cuts growth forecasts

The International Monetary Fund cuts its forecast for global growth in 2015, with Nigeria and South Africa amongst nations with the sharpest downgrades.

Spending cuts imposed by the International Monetary Fund may have contributed to the rapid spread of Ebola in West Africa, UK-based researchers say.

Global economic growth will be “disappointing and patchy” in 2016, the head of the International Monetary Fund, Christine Lagarde, wrote in an article published in the German business daily Handelsblatt yesterday.

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Economic growth in sub-Saharan Africa remains strong, but is expected to slow for a second successive year in 2015 in the face of declining commodity prices and the Ebola epidemic, the International Monetary Fund (IMF) said on Tuesday.

The International Monetary Fund on Tuesday sharply cut its 2015-2016 world growth forecast of only six months ago, saying lower oil prices did not offset pervasive weaknesses around the globe.

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IMF Sees Significant Cut in Sub-Saharan Africa Growth Over Virus  Yahoo News