IMF cuts global growth to 3.2% from 3.4%

• US cut to 2.4% vs 2.6% prior 2016
• Eurozone cut to 1.5% vs 1.7% prior 2016
• China up to 6.5% vs 6.3% prior 2016
• Japan 0.5% vs 1.0% prior 2016

As usual there's a ton of info so I'll put the highlights together

• Says fragile world economy needs monetary stimulus
• Governments must prepare a collective reaction for recession
• Fed hikes should be smooth and gradual and well communicated
• BOJ should move to a more forecast based monetary policy
• ECB should keep monetary policy accommodation for an extended period and should be prepared to use other tools
• Sees further broad based reductions in their baseline growth forecasts for 2016 & 2017
• Slowing growth and reduced potential output will increase the risk of widespread stagnation and weaker growth
• Brexit would create severe regional and global damage

Ever the optimists eh?