(VOVworld) – The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next year.

The recovery in the eurozone is expected to continue, but not strongly.

The IMF now expects growth of 3.5 per cent this year, and 3.7 per cent next year. The downgrade of the forecasts comes from economic stagnation in the EU and Japan. The IMF forecasts that the US will go against the trend of decreasing investment and consumption, with possible growth of 3.6 per cent this year.
The IMF suggests the EU and Japan continue to maintain low interest rates to encourage further lending and consumption. IMF experts also called for economic restructuring and taking advantage of falling oil prices to increase national long-term budgets.