(VOVworld) – The International Monetary Fund (IMF) is forecasting that the global economic growth will remain steady at 3.1% this year and 3.4% in 2017, according to the IMF’s “World Economic Outlook” released Tuesday. That’s unchanged from its July forecast. The IMF called on governments to take action against the threats of low growth and trade protectionism.

Managing Director of the International Monetary Fund Christine Lagarde in a speech in Hangzhou, Zhejiang province, China on September 3 (Photo:Xinhua/VNA)

The IMF sharply lowered its forecast for economic growth of advanced economies to 1.6% this year and 1.8 in 2017. Emerging markets and developing economies will grow 4.2% this year and 4.6% next year.