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Downside Risks to Global Growth

In keeping with the perma-optimism deeply embedded in financial markets, the latest World Economic Outlook calls for a perfect soft landing in the $96 trillion global economy. There are at least three large reasons to be skeptical.

NEW HAVEN – The predictable downward revision cycle for the global economic outlook has officially begun. That’s the message from the semi-annual World Economic Outlook just released by the International Monetary Fund, which reinforces earlier revisions from several prominent private forecasting teams.