2014.07.0700:13:19UTC+00Global economy growth slower than expected says IMF

Despite efforts from many of the world’s top central banks, growth on a global scale has dialled down to a momentum that leaves much to be desired, according to the head of the International Monetary Fund (IMF).

Christine Lagarde, chief of the organization, has suggested the possibility of the IMF revising down original forecasts for the growth of the global economy during a conference in France on Sunday. According to her, monetary policies that have been enacted in several countries to do just that are proving to be insufficient and must be supplemented by investments in education, infrastructure, and health to boost growth.

The IMF credited a deficit in investment present in public and private sectors as a major reason why countries have been pulled back from performing as best as they could have.

Although the worldwide market has been recovering well in recent months and is gaining speed, its post-crisis recovery still remains fragile and in need of support. She cited the example of the US economy’s bounce back after a contraction in the first quarter that relies on the Federal Reserve’s proper execution as they ease off of policy. Also weighing heavily on the IMF is the slow crawl into recovery of the eurozone which is need of more reforms.

Lagarde has mentioned that the IMF’s forecast for global growth due later this month will be “very slightly difference” from their statement in April where they predicted a 3.6% expansion in 2014 to be followed up by 3.9% in 2015.