The International Monetary Fund or the International Monetary Fund (IMF) to reveal the cause of the weakening of world economic growth.
IMF says economic weakness until mid-year shows two things. The economic slowdown in developing countries and the economic recovery of developed countries. As for the cause of a slowing world economy, IMF says financial market turmoil one of them.
Under conditions of the financial market turmoil, falling commodity prices, weak capital inflows and currency depreciation in developing countries, called the IMF said in a report quoted by CNBC.
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Recent turmoil, prompted the IMF to support the monetary policy. According to the IMF, in these conditions, fiscal policy should be directed to economic stability.
Last July, the IMF said the Central Bank of the Fed to postpone interest rate hikes until inflation shows improvement.
In the US, economic growth in the first half year of 1.8 percent, lower than the same period last year of 3.8 percent, the IMF report said again.
Nevertheless, the IMF added that he believes the second half of this year the economy in developed countries will experience improvements, including Europe and Japan.
Conversely, for developing countries, the IMF menproyeksi slowdown is likely to continue with financial market conditions are more stringent and the decline in world oil prices.