The International Monetary Fund has slashed its outlook for global growth. Stock markets plummeted following the news, making a dramatic start to a week of top-level meetings of the IMF, and the World Bank in Washington.

The Standard and Poor’s 500 index fell 29.72 points, or 1.5 percent, to 1,935.10. For more on why the IMF lowered its forecast of global economic growth, CCTV’s Zou Yun sat down with the IMF’s Chief Economist Olivier Blanchard.

Source compiled from Associated Press.