HONG KONG (CNNMoney)
Sorry folks, the world economy is not going to improve much this year. Or next year.
The world economy will grow by just 3.5% in 2015, and by 3.7% in 2016, according to the latest estimate from the International Monetary Fund. Both estimates are down 0.3 percentage points from the group’s previous forecast, made in October.
One bright spot was the United States: The IMF revised its estimate for U.S. economic growth to 3.6% this year, up half a percentage point from the October forecast.