The International Monetary Fund Managing Director Christine Lagarde said global growth outlook is likely to be revised down due to weak expansion in emerging economies.
In an interview with Les Echos, she said, “We are in a recovery process whose pace is decelerating.” There is a shift between emerging and developed countries.
Emerging economies are no longer pulling the recovery, while developed countries are gaining momentum, Lagarde added.
A growth of 3.3 percent this year is no longer realistic, nor 3.8 percent global growth next year, she said. Nonetheless, she expects growth to remain above the 3 percent threshold.
The IMF is scheduled to release its World Economic Outlook on October 6.
The material has been provided by InstaForex Company – www.instaforex.com