The International Monetary Fund (IMF) has downgraded its forecast for global economic growth this year.

It has reduced its figure to 3.1% from the 3.3% it predicted in July. The 2016 forecast is down to 3.6% from 3.8%.

According to BBC News, the IMF says “A return to robust and synchronized global expansion remains elusive”.

The sharpest downgrades are for emerging economies, especially Brazil, Nigeria, South Africa and Russia.

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