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The International Monetary Fund (IMF) in its latest World Economic Outlook has downgraded its global growth forecast to 3.7 percent, which is 0.2 percentage points lower than the IMF’s estimate released earlier this year. Global developments, such as trade disputes and economic uncertainties, are among numerous factors prompting the IMF to lower its projection. Indonesia is among numerous emerging markets where the IMF predicts slower growth, according to its report presented in Bali on Tuesday, as Finance Ministers and Central Bank governors gather for the IMF-World Bank Annual Meetings that will run until Oct. 14.
(The Jakarta Post / Liza Yosephine)