The International Monetary Fund (IMF) has cut its baseline projection for global growth in 2016 to 3.1 percent, compared with the previous 3.2 percent. The World Economic Outlook July Update came after the UK’s vote to leave the EU. Brexit has cast a cloud over the macro-economic outlook and increased financial market risks, Alfred Schipke, the IMF’s Senior Resident Representative for China, told CCTVNEWS in an exclusive interview.
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