Softness in global economy to extend into 2016 as developing world drags: IMF

A relentless deceleration in the economies of the developing world will cause global growth to slow this year and only pick up a bit more pace in 2016, the head of the International Monetary Fund said on Wednesday. In a speech that previewed a report on global growth due next month, IMF Managing Director Christine Lagarde held back from giving specific estimates. In a survey of the global economy, she said growth was picking up in the euro area and Japan and still looked robust in the United Sta