DATA, IMF, FED LEAD TO A SEA OF RED Overnight the IMF downgraded its world growth forecasts, again

DATA, IMF, FED LEAD TO A SEA OF RED Overnight the IMF downgraded its world growth forecasts, again. The group now see global growth of 3.8% in 2015, down from 4.0% in their previous estimate. Both the US and China, the world's largest economies, are expected to grow 3.1% and 7.1% respectively, the same as what was forecast in April, while the Eurozone, the largest economic bloc globally, will grow just 1.3% next year, down from 1.5% seen previously. From an Australian perspective the group see GDP next year of 2.9%, up from 2.7%, unemployment at 6.1%, down from 6.2%, while CPI is predicted to come in at 2.6%, up from 2.4% in April... (VIEW LINK)