Global Growth and World Economy

world economy: The IMF forecasts 3.3 per cent global growth this year, down from the 3.5 per cent it predicted in April. That would be slowest pace of global growth since the world economy shrank slightly in the recession year 2009. The main culprit: The American economy, world biggest, shrank at a 0.2 per cent annual rate from January to March, hurt by nasty weather. The IMF last month cut the outlook for U.S. growth to 2.5 per cent in 2015, from April 3.1 per cent. The U.S. economy grew 2.4 per cent in 2014, according to Metro News. IMF research chief Olivier Blanchard downplayed the wider economic impact of the Greek debt crisis and the possibility that Greece could be forced to abandon the euro currency. The effects on the rest of the world economy are likely to be limited, he said and The U.S. economy stumble at the start of 2015 is dragging down the world growth to the lowest level since the Great Recession, the International Monetary Fund said Thursday. The fund expects the U.S. economy to grow 3 per cent in 2016. (www.immigrantscanada.com). As reported in the news.