The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next.
The IMF now expects growth of 3.5% this year, compared with the previous estimate of 3.8% which it made in October.
The growth forecast for 2016 has also been cut, to 3.7%.
The downgrade to the forecasts comes despite one major boost for the global economy - the sharp fall in oil prices, which is positive for most countries.