IMF eases global growth figures and warns of climate risk | Finance Report

January 21, 2020 by News Desk

The IMF has eased its forecast for GDP growth this year from 3.4 to 3.3 per cent and for next year from 3.6 to 3.4 per cent, still a decent recovery – or would be if it happens.

This time last year the IMF predicted 3.5 per cent growth for 2019, but it turned out to be 2.9.

As Yogi Berra said: it’s tough to make predictions – especially about the future.

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In This Story: Climate

Climate is the long-term average of weather, typically averaged over a period of 30 years. More rigorously, it is the mean and variability of meteorological variables over a time spanning from months to millions of years.