World GDP growth revised downward by the IMF

The International Monetary Fund (IMF) published January 19 its World Economic Outlook Update. The world output was revised downward for 2016 (3.4%), and it should be lower than the trend recorded in the last years (around 4.0%). Canada's GDP growth this year is estimated at 1.7% by the IMF economists; this appears quite optimistic, if not irrealist. The IMF WEO Update is available at:

http://www.imf.org/external/pubs/ft/weo/2016/update/01/pdf/0116.pdf

Here is an overview of the Update: