Increased by 0.5% to 2%
Increased 2017 US growth forecast to 2.3%
To widen appeal to income starved investors
James Hamel, portfolio manager on the Artisan Partners growth team, looks at how to deal with foreign exchange volatility and find companies capable of resilience in this environment
Ian Warmerdam, manager of the Henderson Global Growth fund, has been cutting exposure to the US and shifting to emerging markets, as the runaway performance of the US market has caused elevated stock values.
The International Monetary Fund has cut its growth forecast for the next two years, after December's figures in many countries disappointed.
The deep recession in the US and subsequent sluggish growth has led some experts to suggest the market is suffering economic hysteresis - or permanent damage to potential growth and employment, explains Robert Jukes from CGWM.
Chinese Premier Wen Jiabao has said the world's second largest economy can meet its growth target this year in an effort to allay concerns over recent economic data.
The National Institute of Economic and Social Research (NIESR) has called on the government to loosen its debt reduction plans as growth forecasts are slashed for the UK.