IMF headquarters, Washington, DC - file photo
The International Monetary Fund (IMF) has downgraded its forecast for global economic growth this year. It has reduced its figure to 3.1% from the 3.3% it predicted in July.
The 2016 forecast is down to 3.6% from 3.8%.
The IMF has conceded that a return to robust and synchronized global expansion remains elusive. The report also warns that the risks of an outcome worse than its forecasts are more pronounced than they were just a few months ago.
The sharpest downgrades are for emerging economies, especially Brazil, Nigeria, South Africa and Russia.
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