RIO DE JANEIRO, BRAZIL - The International Monetary Fund (IMF) released its new growth forecasts on Monday during the World Economic Forum, as it has consistently done in recent years.
According to its calculations, after expanding 2.9 percent in 2019, the world economy will grow 3.3 percent this year and 3.4 percent in 2021, one and two tenths, respectively, below the estimates released three months ago by the IMF.
The source of the reduction is an "unexpected" negative behavior in a number of emerging economies, particularly in India. In Brazil, the growth forecast for 2020 was updated 0 . . .