WEO Update: Emerging market, Developing Economies Face Increased Challenges

The IMF released an update to its World Economic Outlook published in October 2015. The WEO Update, projects global growth to be slightly lower than last fall’s forecast, at 3.4 percent this year, and 3.6 percent in 2017. IMF Chief economist Maurice Obstfeld, launched the new report at a press conference in London.