IMF cuts 2015 global growth forecast to 3.5% from 3.8%

FXStreet (Bali) - IMF has cut the 2015 global growth forecast to 3.5% from 3.8% in October, while lowering global growth forecast to 3.7 pct for 2016, from 4 percent in October.

Headlines via Reuters

IMF cuts 2015 global growth forecast to 3.5% (from 3.8% in October)

Lowers global growth forecast to 3.7 pct for 2016, from 4 percent in October

Raises 2015 growth forecast for advanced economies to 2.4 pct, from 2.3 pct in october, 2016 unchanged at 2.4 pct

Cuts 2015 emerging market growth forecast to 4.3 pct vs 5 pct in October, also cuts 2016 forecast to 4.7 pct from 5.2 pct

Raises 2015 US growth forecast to 3.6 pct vs 3.1 pct in October , only major economy to see upward revision

Cuts China 2015 growth forecast to 6.8 pct from 7.1 pct, predicts Beijing to limit policy stimulus to curb credit, investment risks

Says falling oil prices, weaker yen and euro to boost global growth but offset by broader weakness

Sees divergence between commodities importers and exporters, dollar-linked countries to fare worse while those tied to yen and euro will benefit

Advises structural reforms in all countries to boost growth, pinpoints reforms in energy subsidies and taxes

Tells advanced economies to keep monetary policy accomodative to fight deflation risk, not raise real interest rates, use other means if policy rates cannot be reduced further

Says lower oil prices lessen inflation pressure and reduce external vulnerabilies, gives emerging market central banks room to delay raising policy rates

Cuts 2015 growth forecasts most for Russia, Nigeria, Saudi Arabia