THE International Monetary Fund’s (IMF) latest July update downgraded its forecasts for the global economy which will now expand by 3.4% in 2014, down from 3.7% made in April 2014.
Advanced economies (AEs) continue to struggle to return to normalcy five years after the financial crisis. It also reflects the difficulties emerging and developing economies (EDEs) are facing to raise productivity to sustain growth.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!