The outlook for the global economy has darkened, the International Monetary Fund warned on Tuesday, as it estimated there is now a four in 10 chance the eurozone will slide into a third recession since the financial crisis. The Fund’s estimates of weaker growth in its twice-yearly World Economic Outlook reflect the continued hangover from the 2008 slump, alongside fears that the world may have entered a new phase of mediocre growth . More On this topic IN Global Economy Olivier Blanchard, IMF chief economist, said the challenge for policy makers was “to re-establish confidence by articulating a clear plan to deal with both the legacy of the crisis and the challenges of low potential growth”. The WEO noted that the pattern of global recovery was becoming “more country-specific”, with a few nations bucking the wider gloomy trend, and others hit by local political or economic difficulties. Overall, the […]