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