News

IMF’s June 2016 forecasts for global growth

IMF’s June 2016 forecasts for global growth

The International Monetary Fund lowered its world growth estimates for 2016 and 2017 on Tuesday, citing the negative impact of Britain’s vote to quit the European Union.

Here are the IMF’s new forecasts for percent growth of gross domestic product, with the change in percentage points from April in parentheses.

Country/region 2016 2017

World 3.1 (-0.1) 3.4 (-0.1)

Advanced economies 1.8 (-0.1) 1.8 (-0.2)

United States 2.2 (-0.2) 2.5 (-0.0)

Eurozone 1.6 (0.1) 1.4 (-0.2)

Germany 1.6 (0.1) 1.2 (-0.4)

France 1.5 (0.4) 1.2 (-0.1)

Italy 0.9 (-0.1) 1.0 (-0.1)

Spain 2.6 (0.0) 2.1 (-0.2)

Japan 0.3 (-0.2) 0.1 (0.2)

Britain 1.7 (-0.2) 1.3 (-0.9)

Canada 1.4 (-0.1) 2.1 (0.2)

Emerging & developing economies

4.1 (0.0) 4.6 (0.0)

Commonwealth of Independent States

-0.6 (0.5) 1.5 (0.2)

Russia -1.2 (0.6) 1.0 (0.2)

Emerging & Developing Asia

6.4 (0.0) 6.3 (0.0)

China 6.6 (0.1) 6.2 (0.0)

India 7.4 (-0.1) 7.4 (-0.1)

Latin America & Caribbean

-0.4 (0.1) 1.6 (0.1)

Brazil -3.3 (0.5) 0.5 (0.5)

Mexico 2.5 (0.1) 2.6 (0.0)

Middle East, North Africa, Afghanistan, Pakistan

3.4 (0.3) 3.3 (-0.2)

Sub-Saharan Africa 1.6 (-1.4) 3.3 (-0.7)

Nigeria -1.8 (-4.1) 1.1 (-2.4)

South Africa 0.1 (-0.5) 1.0 (-0.2)