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%. "A return to robust and synchronized global expansion remains elusive," the IMF says. 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. So the IMF is still predicting growth, but it is distinctly lacklustre growth, especially for the current year. Modest recovery The developed economies are expected to manage slightly ... (full story)