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WASHINGTON, Sept. 2 (Xinhua) -- The International Monetary Fund (IMF) on Wednesday warned of the rising downside risks to the global economy, saying that the emerging economies will face slower growth and tightened financial conditions this year.
In a surveillance note to the upcoming G20 Finance Ministers and Central Bank Governors' meetings, the IMF said that global growth remains moderate, reflecting a further slowdown in emerging economies and a weak recovery in advanced economies.
The G20 event will be held in Ankara, Turkey on Sept. 4-5, focusing on global economic outlook, recent market turmoil and commodity prices.
In the note, the IMF expected the economic activity of advanced economies to pick up modestly in the second half of this year and into 2016, and said that the growth of emerging economies will slow again compared to 2014.
The Washington-based institution warned of the remaining downside risks to the global economy, and increasing near-term downside risks to growth for emerging economies.
Disruptive asset price shifts and financial market turmoil could lead to capital flow reversals in emerging economies and remain a downside risk to the economies, it added.
It also warned that with financial market sentiments deteriorating, financial conditions for emerging economies have tightened.
