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In its World Economic Outlook titled ‘Too Slow for Too Long’ (April 2016), the International Monetary Fund (IMF) reduced its global growth forecasts to 3.2% (from 3.4% in January 2016). Despite that, growth forecasts remain higher than 2015 levels (3.1%) and are projected to increase to 3.5% in 2017. While growth is forecast to strengthen, the slowdown in China, further declines in commodity prices, and the slowdown in investment and trade continue to represent downside risk to global growth.
Source : Knight Frank
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