The International Monetary Fund (IMF) says the US economy’s stumble at the start of 2015 is dragging down the world’s growth prospects.

In a report today, the IMF forecasts 3.3 per cent global growth this year, down from the 3.5 per cent it predicted in April.

The main culprit: The American economy, the world’s biggest, shrank at a 0.2 per cent annual rate from January to March, hurt by nasty weather.

The IMF expects global growth to improve to 3.8 percent next year.

 

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