Slower growth in advanced economies will create a drag glob- ally, the IMF says in its latest World Economic Outlook. The April update to the outlook projects a growth rate for the global economy of 3.3pc this year, a drop of 0.2 percent- age points from its previous forecast in January. This compares with growth of 3.6pc in 2018. IMF forecasts are widely used in the modelling behind key oil and gas demand projections, including those of the IEA.
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