Not surprisingly the International Monetary Fund has cut its global growth forecast for the next two years.<br /><br /> In October the IMF projected world growth of 3.8 percent for 2015 now revised down to 3.5 percent.<br /><br /> In 2016 growth will fail to meet the IMF’s initial 4 percent target and will hit the 3.7 percent mark.<br /><br /> The latest doom and gloom comes despite most countries benefiting from the low oil prices.<br /><br /> Olivier Blanchard is Chief Economist at the IMF: “For 2015, we have revised US growth up to 3.6 percent, but we have revised Eurozone growth down to 1.1 percent and Japan growth down to point six percent.”<br /><br /> The exception to the rule is the United States of America with the IMF saying Washington has well and truly put the financial crisis behind it.<br /><br /> The British economy is expected to bump along at 2.4 percent growth for 2016. <br /><br /> While Russia will see its economy contract by 3 percent this year and 1 percent next.<br /><br /> A Capital Market Advise for Close Brothers Seydler Bank is Oliver Ro
