IMF expects further cut its global economic growth outlook

• IMF will release its World Economic Outlook in mid-July

• Annual global economic growth was lowered to 3.6% in April

The International Monetary Fund (IMF) expects to further lower its annual forecast for global economic growth, which is due to release an update to its World Economic Outlook in mid-July, marking the third downgrade this year.

The news came after the World Bank and Organization for Economic Co-operation and Development (OECD) cut their forecasts this week.