IMF revises forecasts for global growth downwards. In its most recent issue of the World Economic Outlook (WEO) publication dated 20 January, the International Monetary Fund (IMF) revised its forecasts for global growth downwards, despite the sharp fall in oil prices, which clearly represents a benefit to global growth. The IMF explains that perspectives for global growth remain gloomy and are also undermined by fundamental weaknesses elsewhere. According to its most recent forecasts, global...