IMF World Economic Outlook (WEO) Update, January 2008:An update of the key WEO projections

Following strong growth through the third quarter of 2007, the global economic expansion has begun to moderate in response to continuing financial turbulence. Global growth is projected to decelerate from 4.9 percent in 2007 to 4.1 percent in 2008, a markdown of 0.3 percentage point relative to the October 2007 World Economic Outlook. Risks to the outlook remain tilted to the downside.