Macroeconomy

The international monetary Fund downgraded the Outlook for the global economy

The international monetary Fund (IMF) downgraded its forecast for the world economy, as it believes that the result of the referendum in the UK and the country’s withdrawal from the European Union (brexit) carries the risk of lower global growth. Other factors the revision of the forecast were an increase in oil prices, the improvement of the expected results in China and diminishing in the United States.

In particular, the negative consequences will affect the developed European countries, and the rest of the economies are almost not affected. Economic growth in developed countries will be 1.8% in 2016 and 2017.

The growth of the emerging economies in 2016 it is expected +4.1%, in 2017 – +4.6%. The greatest growth will show India (+7.4% in 2016 and 2017) and China (+6.6% in 2016 and +6.2% in 2017).

According to the IMF, global growth in General in 2016 will be 3.1%, in 2017 – +3.4%.

In Russia, the IMF expects a decline of growth of the economy by the end of 2016 -1.2%, in 2017 – growth +1%.