IMF cuts global growth outlook by most in 3 years

Source: Bloomberg
The International Monetary Fund cut its global economic growth outlook the most in three years, with reduced anticipation almost everywhere, but the US, which expanded the drop in oil prices. The global economy will add only 3.5%, compared with anticipated 3.8% growth in 2015, the IMF reported yesterday. 
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Tue, 20 Jan 2015 12:33:08 GMT

Yen drops third day as Chinese GDP growth beat forecast

The Yen fell for a third day against the Dollar due to the significant growth of Chinese economy that exceeded analysts' forecasts. The Yen dropped almost against all 16 of its major peers and weakened 0.7% to 118.37 versus the Dollar at 10:10 a.m. in London. However, the Euro strengthened 0.5% to 137.16 against the Japan's currency.

Tue, 20 Jan 2015 12:11:07 GMT

Oil drops second day as IMF cuts global economy forecast

Oil fell for a second day since the IMF downgraded its global economy growth forecast by the most in three years. Oil futures declined 1.3% in London after the biggest weekly drop. The global growth will add 3.5% in 2015, compared with 3.8% growth anticipated in October, the IMF informed in its quarterly report yesterday.

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