The International Monetary Fund has cut its projections for global growth from earlier forecasts in October, citing factors such as weak investment. It also revised downward expectations for major economies such as the eurozone and Japan.
The semiannual World Economic Outlook by the Washington-based lender said Monday it expects the world economy to expand 3.5 percent overall in terms of real gross domestic product, down 0.3 of a percentage point from the previous projection.
A boost from lower oil prices to global growth "is projected to be more than offset by negative factors including investment weakness," the report said.