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INFOGRAPHIC: The IMF Has Downgraded Global Growth - Here's What You Need To Know

The IMF’s six-monthly World Economic Outlook was released overnight and it was not good news.

Global growth for the year ahead was downgraded to 3.3% from an expected 3.7% earlier this year. But it was the outlook for 5 years of slow growth which has been partly responsible for the poor sentiment on global stock markets overnight.

The IMF also had a somewhat jaundiced view of the Australian outlook and said that the unemployment rate in Australia was going to persist and be sticky above 6%.

Here’s a great infographic which tells you all you need to know.

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