While you were sleeping: IMF sees slowing growth

Tue, 20 Jan 2015

By Margreet Dietz Jan. 21 (BusinessDesk) - Wall Street fell amid disappointing results from Johnson & Johnson and Morgan Stanley, and after the International Monetary Fund downgraded its forecast for global economic growth for this year and next. The IMF said in its latest quarterly global outlook that it now expects the world economy to expand 3.5 percent in 2015, down from its 3.8 percent estimate in October. It lowered its estimate for growth in 2016 to 3.7 percent, from 4 percent in October. On a positive note, the IMF lifted its...

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