Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations.
IMF Managing Director Christine Lagarde also warned emerging economies to "be vigilant for spillovers" from China's slowdown, tighter global financial conditions, and the prospects of a U.S. interest rate hike.
The IMF in July forecast global growth at 3.3% this year, slightly below last year's 3.4%.