The International Monetary Fund said Thursday it has trimmed down its expected global growth for 2015 to 3.3 percent, citing weaker-than-expected economic activity in North America during the first quarter.
In April, the organization said its global growth projection for this year was at 3.5 percent. Other factors contributing to the IMF’s downward revision include a rebound in oil prices, rising bond yields and weak inflation, it said the latest edition of its World Economic Outlook.
“Oil prices have rebounded more than expected in the second quarter of 2015, reflecting higher demand and expectations that oil production growth in the United States will slow faster than previously forecast,” the IMF said.
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