One More Question for Olivier Blanchard: Why did the IMF lower growth prospects?

Olivier Blanchard is the International Monetary Fund’s chief economist. Recently, the IMF updated its World Economic Outlook, not only lowering the growth prospects for 2014, but also the outlook of 2015. Before the opening of the 2014 Annual Meetings of the IMF and World Bank, CCTV America’s Zou Yun asked him why the economic outlooks were lowered.