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  • An updated International Monetary Fund report says

  • the global gross domestic product would be 3.5 percent in 2017, and 3.6 percent in 2018

  • unchanged from its last projections in April.

  • Meanwhile, the World Economic Outlook says risks remain,

  • screwed to the downside of the medium term,

  • even though the global growth forecasts appear broadly balanced in the near term.

  • And the IMF shaved the forecast for U.S growth to 2.1 percent for both 2017 and 2018,

  • slightly down from previous projections of 2.3 percent and 2.5 percent,

  • and that's because details of President Trump's fiscal policies have not materialized.

  • And in comparison, the fund said the growth in the Eurozone

  • was now expected to be slightly stronger in 2018,

  • upgraded GDP projection for the single currency region for 2017 to 1.9 percent

  • up from 0.2 percent each point.

  • And IMF further upgraded China's economic growth outlook in 2017 to 6.7 percent,

  • leaving the country on track to meet it's growth target around 3.5 percent,

  • and we have detailed analysis of the updated report on our global business program.

  • Remember to tune in at at 8:00 GMT.

An updated International Monetary Fund report says

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