IMF lowers forecast for growth in next 2 years

The International Monetary Fund on Monday lowered its economic growth forecasts for the coming two years because of weakened global expansion.

Its projections for 6.2 percent growth for the Chinese economy in 2019 and 2020 remain unchanged from its last World Economic Outlook report, issued in October.

The global economy is projected to grow at 3.5 percent in 2019 and 3.6 percent in 2020, down 0.2 and 0.1 percentage point, respectively, from the IMF's projection in October.