The International Monetary Fund (IMF) has trimmed its expected global growth forecasts for 2015 again and has warned that downside risks to the global economy appear "more pronounced."
Global growth for 2015 is projected at 3.1 percent, down 0.2 percentage points from its July forecast for 3.3 percent growth, according to the IMF's latest World Economic Outlook (WEO) report. It cited weaker growth prospects for emerging economies, including China, and a decline in commodity prices as a reason for the revision.
In its report published Tuesday, the organization said that global growth "remained uneven" with developed economies and emerging markets facing diverging outlooks. As such, "downside risks to the world economy appear more pronounced than they did just a few months ago," it added.
"Relative to last year, the recovery in advanced economies is expected to pick up slightly, while activity in emerging market and developing economies is projected to slow for the fifth year in a row, primarily reflecting weaker prospects for some large emerging market economies and oil-exporting countries," it said.