Markets were mostly lower on Tuesday, with the S&P 500 falling 0.2 percent.
In the latest International Monetary Fund World Economic Outlook published on Tuesday, global gross domestic product is forecast to grow by 5.9 percent this year, 0.1 percentage point lower than the estimate in July.
The IMF cut its growth forecast for the US this year by 1 percentage point to 6 percent.
Meanwhile, the IMF said that the outlook for the low-income developing country group “has darkened considerably due to worsening pandemic dynamics”.
“Inflation risks are skewed to the upside and could materialize if pandemic-induced supply-demand mismatches continue longer than expected,” the IMF added.
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