IMF cuts 2015 growth forecast for US, UK, Japan and Canada

Fund reduces prediction for global output from 3.5% to 3.3%, with economic outlook for for four G7 countries skewed downwards

The International Monetary Fund has cut its global growth forecast for 2015 after a harsh winter led to a weak start in the US.

In an update to its World Economic Outlook (WEO), the Washington-based IMF said it now expected global output to expand by 3.3%, down from the 3.5% it pencilled in three months ago.