Submitted by christian on Tue, 01/20/2015 - 11:01
The world economy will grow by just 3.5% in 2015, and by 3.7% in 2016, according to the latest estimate from the International Monetary Fund. One bright is the United States: The IMF revised its estimate for U.S. economic growth to 3.6% this year.
World economic growth remains limited. Even drastically lower oil prices will have limited impact on stimulating the overall economy. New factors supporting growth -- lower oil prices, but also depreciation of euro and yen -- are more than offset by persistent negative forces.
