SINGAPORE (Oct 7): The downward revision to global growth by the IMF overnight suggests a moderate 3% growth will likely persist worldwide for the next several years.

This reinforces the possibility that developed nations will continue their dovish monetary policies in 2016, says SMBC Nikko chief strategist Chotaro Morita.

The IMF cut its projections for global growth to 3.1% this year, the lowest since global financial crisis in 2008.

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