IMF Chief: 2016 global growth “disappointing”

“Disappointing”, that is IMF’s predictation of next year’s economic growth.

In an article published in the German business daily Handelsblatt, IMF Managing Director Christine Lagarde said global economy in 2016 faces uncertainty and a higher risk of vulnerability.

The major factors contributing to a dim 2016 are the prospect of rising interest rate in the United States, an economic slowdown in China and weak commodity price.

Aging population and the effects of the global financial crisis are also putting the brakes on growth.

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