IMF cuts global growth forecast for 2015

Olivier Blanchard said China's stock market bubble had "burst" The International Monetary Fund has cut its forecast for global growth this year, as a result of a slowdown in the US economy. The IMF now says the global economy, external will expand by 3.3% in 2015, compared with a previous forecast of 3.5%. Last month, the IMF lowered is forecast for US growth to 2.5% in 2015 from an earlier estima