International Monetary Fund

The World Economic Outlook (WEO) Update covers key WEO projections and is published between the Spring and Fall WEO reports.

The International Monetary Fund offered a sunnier outlook for the global economy in 2017, predicting growth of 3.5 percent this year. Still, the IMF warned the world economy still "faces headwinds" and warns against protectionism.

IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.

Forecasting oil prices is doubtlessly a hazardous business and no global forecaster worth his salt was able to predict the free fall in oil prices.

Oil fell as much as 5 percent today after the International Monetary Fund cut its 2015 global economic forecast on lower fuel demand and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action.

With many new faces taking their seats in Congress, there has never been a better time for our elected officials to come together to leverage the current revival in U.S. manufacturing.

Among advanced economies, the United States and the United Kingdom in particular are leaving the crisis behind and achieving decent growth - though even for those two countries, potential growth is now lower than in the early 2000s.