IMF Downgrades Global Growth Outlook
21 January 2015 12:48 WIB
TEMPO.CO, Jakarta - The International Monetary Fund (IMF) has corrected its forecast for global economic growth for 2015 to 3.5 percent from October 2014's 3.5 percent. For 2016, the outlook is also cut to 3.7 percent.
The cut took into account the ongoing slowdown in several major economic countries like the euro zone countries, China, as well as a number of developing economies like Brazil and Russia.
The outlook correction is also the impact of the plunge of crude oil prices. IMF chief economist Olivier Blanchard said that although the drop in oil prices is positive for most countries, it poses more negative effects, particularly to the investment sector.
"New factors supporting growth, lower oil prices, but also depreciation of euro and yen, are more than offset by persistent negative forces, including the lingering legacies of the crisis and lower potential growth in many countries," Blanchard said in a statement.
ODELIA SINAGA | FAIZ NASHRILLAH | ANDI RUSLI | ALI HIDAYAT
