IMF staff warn G20 of increasing downside economic growth risks

WASHINGTON: Downside risks to the global economy have risen and a combination of threats including slower growth in China and rising market volatility could severely cut the outlook, International Monetary Fund staff warned on Wednesday.

A note prepared by IMF staff for a meeting of Group of 20 finance officials describes a cocktail of potentially dangerous risks ranging from a stronger U.S. dollar to depreciating currencies in emerging markets, falling commodity prices and weaker capital inflows.