The IMF revises downward its growth projections for 2016

The International Monetary Fund published, April 12, its most recent edition of the World Economic Outlook (WEO). Without surprise, its economists revised downward their estimate of world real GDP growth for this year. Most countries and group of countries see a lower growth projection compared to last January. There are few exceptions; among them, China and Emerging and Developing Europe.

The most recent edition of the WEO is available at:
http://www.imf.org/external/pubs/ft/weo/2016/01/

Here is the summary table of the projections:

Slow growth of the world economy in the first quarter

The world economy grew in the first quarter of 2016, but at a very slow pace. This is what we can read from the Markit Economics press release of April 5 on the JP Morgan Global Manufacturing & Services PMI. The "new orders" subindex (see below) points to the same direction in the short term.

Link to Markit Economics April 5 press release:
https://www.markiteconomics.com/Survey//PressRelease.mvc/dcaf0a9b1dc54693831a9e30c1562cfb

A graph published in the March 19 edition of The Economist shows that the world economy slow growth trend has been going on for quite a while.

It will be interesting to see what the IMF will project for 2016 as a whole when it publishes its April edition of the World Economic Outlook. A downgrade of its January forecast is quite possible.