IMF Cuts 2014 World Growth Forecast to 3.4 Pct
Washington, July 24 (Jiji Press)--The International Monetary Fund said Thursday that the global economy is expected to grow 3.4 pct in real terms in 2014, down 0.3 percentage point from its previous projection three months ago.
In an update to its World Economic Outlook report published in April, the IMF attributed the downward revision mainly to impacts of the cold spell in the United States early this year and a slowdown of China's economic growth.
In addition, the IMF noted that geopolitical risks are higher than in April due to growing tensions in Ukraine and the Middle East.
For 2015, the IMF kept its world economic growth forecast unchanged at 4.0 pct.
By area, the institution raised its 2014 growth forecast for Japan by 0.3 point to 1.6 pct, citing "a stronger-than-expected performance in the first quarter."
- 07/25 00:00 IMF Cuts 2014 World Growth Forecast to 3.4 Pct
- 07/24 23:55 U.N. Panel Seeks Japanese Punishment for Hate Speech
- 07/24 22:53 Keidanren to Enhance Cooperation with Govt
- 07/24 22:45 Researcher Obokata Injured in NHK News Crew Chase
- 07/24 20:08 Records Show Japan Govt Jitters before Emperor's 1971 European Tour
- 07/24 17:30 Japan Wanted to Shelve Choice of China or Taiwan for UNSC: Documents
- 07/24 17:29 Nixon Expressed Disappointment with Japan over Textile Talks in 1971: Documents
- 07/24 17:25 Filming of Police Interrogations Quadruples in Japan
- 07/24 11:56 Scandal-Hit Chinese Food Firm Repacks Meat at Room Temperature
- 07/24 11:00 INTERVIEW: British Band The Heavy Ready to Rock Japanese Fans
- 07/24 10:31 U.S. Displeased with Japan's Plan to Move Okinawa Ospreys to Saga
- 07/24 10:00 Nonhost Municipalities Seek Right to Speak about N-Plant Restart
- 07/23 21:08 Over 1 T. Becqurels of Cesium Spread by Work at Fukushima N-Plant
- 07/23 20:47 Failed Mt. Gox Mum on Debt Repayment Amounts
- 07/23 19:51 Japanese Firms Cannot Stop Relying on Food from China
- 07/23 17:10 Japan Sees Record 6.26 M. Foreign Visitors in Jan.-June
- 07/23 14:56 Imperial Couple Visit Temporary Shopping Center in Miyagi Pref.
- 07/23 10:30 Imports of Chilean Wine Surge in Japan
- 07/22 22:05 Benesse Says Noncustomer Data Included in Leaked Info
- 07/22 20:42 Japan, Mongolia Reach Broad EPA Deal
- 07/22 16:46 Biopesticide Ladybug Developed in Japan
- 07/22 16:32 Japan to Set Special Budget Quota for Regional Economies
- 07/22 14:32 Japan Govt Targets 25 Pct Cut in People with Metabolic Syndrome
- 07/22 13:39 Japan Govt Asks Saga Pref. to Accept Osprey Deployment
- 07/22 12:20 Japan, Mongolia to Announce Broad EPA Accord
- 07/22 11:20 U.S. Official Seeks Japan's Voice over Malaysian Jet Crash Probe
- 07/22 10:43 Japan Names 5 New Ambassadors
- 07/22 10:12 Info on 22.6 M. Benesse Customers Copied by Arrested Man
- 07/21 18:10 Abe Focusing on Regional Revitalization
- 07/21 11:00 Many Japanese Lawmakers Going Overseas for Research
- 07/20 22:48 Japan, N. Korea Foreign Ministers' Meeting Eyed for Aug.
- 07/20 16:15 Number of Women in Senior Japan Govt Posts Doubles
- 07/20 14:24 Japan to Deploy Ospreys to Saga to Work with Amphibious Unit
- 07/20 12:00 Japanese Biz Leaders to Accompany Abe on Latin America Tour
- 07/20 10:30 Private Nursery Schools in Japan Strive to Offer Novel Services
- 07/19 21:51 G-20 Agree to Promote Free Trade for Economic Growth
- 07/19 20:19 Abe Shows Resolve to Keep Dialogue with Putin
- 07/19 17:57 U.S. Marines' Ospreys Land on Northern Japan for 1st Time
- 07/19 14:00 Over One M. Benesse Customer Data Likely Resold
- 07/17 15:53 Search Continues for Missing 11-Year-Old Girl in Western Japan