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    09.07.2015 14:05 International Monetary Fund’s World Economic Outlook: the lender cuts its global growth forecast for 2015 to 3.3% in 2015

    The International Monetary Fund (IMF) released its World Economic Outlook on Thursday. The IMF lowered its global economic growth forecasts due to a weaker first quarter in the U.S.



    The global economy will expand by 3.3% in 2015, down from the previous forecast of 3.5%, according to the IMF.



    The IMF cut its growth forecasts in advanced economies to 2.1% in 2015, down from 2.4%, while emerging markets expected to expand 4.2%, down from 4.3%.



    The lender kept unchanged its growth forecast for the Eurozone for 2015 at 1.5%, saying that "developments in Greece have, so far, not resulted in any significant contagion".



    The U.S. economic growth forecast for 2015 was cut to 2.5% from 3.1%, noting that the U.S. economic slowdown spilled over to Canada and Mexico.



    The IMF urged economies to implement structural reforms.

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