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IMF Maintains Global Growth Forecasts; China, Eurozone Revised Higher

Jul 24 , 2017

The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the eurozone and China.

In an updated World Economic Outlook published on Monday, the IMF said global gross domestic product would grow 3.5 percent in 2017 and 3.6 percent in 2018, unchanged from estimates issued in April.

"While risks around the global growth forecast appear broadly balanced in the near term, they remain skewed to the downside over the medium term," the IMF said in updated forecasts released in the Malaysian capital, Kuala Lumpur.

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