Globe (3)

The "risk of economic derailment" is growing in the world's economy, the International Monetary Fund (IMF) has warned.

Speaking in Washington on Tuesday, deputy head of the IMF David Lipton said: "The IMF's latest reading of the global economy shows once again a weakening baseline... We are clearly at a delicate juncture."

Mr Lipton's comments come on the day that China - a vital asset in the global economy - saw exports fall by a worrying 25% in February alone.

Having cut its forecast for growth in the global economy as recently as January, the IMF has already said it is likely to cut forecasts again in April. The organisation cut its expectations for 2016 and 2017 by 0.2 percentage points to 3.4% and 3.6%, respectively. But it could introduce similar cuts in April, putting growth at 3.2% and 3.4%.