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Warning of 'great challenges' this year, IMF cuts world economic growth forecast

Warning of 'great challenges' this year, IMF cuts world economic growth forecast

Warning of "great challenges" this year for the world economy, the International Monetary Fund on Tuesday downgraded its forecast for global growth.

The economy worldwide would expand 3.4% this year and 3.6% next year, the organization said. Both figures would be improvements over 2015's 3.1% growth.

But the forecasts in the IMF's quarterly world economic outlook were down from October projections of 3.6% growth this year and 3.8% next year.

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"This coming year is going to be a year of great challenges, and policymakers should be...

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