Emerging market economies like India and Brazil are expected to experience a more pronounced effect of the economic downturn this year.
According to IMF chief Kristalina Georgieva, this is because of what she called “synchronized slowdown”.
She warned that this phenomenon would result in slower growth in 90 percent of the world this time around.
“In some of the largest emerging -market economies, such as India and Brazil, the slowdown is even more pronounced this year. In China, growth is gradually coming down from the rapid pace to it saw for many years,” Georgieva said.