The International Monetary Fund made headlines Tuesday as it said the world economy will like see moderate growth of 3.5% in 2015 and stronger growth of 3.8% in 2016. However, economists at Capital Economics say that the international organization might be a little too optimistic. “The IMF has consistently overestimated growth prospects over the past five years,” they say. The firm is sticking with its call made in late 2012 that global growth will average 3.3% between 2015 and 2020. “If that proves accurate, the IMF will still be revising down its forecasts in the coming years,” they add.
