IMF downgrades forecast for global growth as China data shows weakness

Christine Lagarde

Colm Kelpie

The International Monetary Fund has downgraded its forecast for global growth once again, as data shows China’s economy grew at its weakest pace in 25 years.

In an update to its World Economic Outlook, published this morning, the Washington-based fund said pickup in global growth is weak and uneven across economies, with emerging markets and developing economies set for slower growth.