IMF downgrades 2015 growth outlook to 3.3%

Washington • The U.S. economy’s stumble at the start of 2015 is dragging down the world’s growth to the lowest level since the Great Recession, the International Monetary Fund said Thursday. The IMF forecasts 3.3 percent global growth this year, down from the 3.5 percent 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’s biggest, shrank at a 0.2 percent annual rate...

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