The International Monetary Fund lowered its forecast for global economic growth in 2015, and called for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth. Former Goldman Sachs Chief Economist Jim O'Neill, says the IMF has no particular success as a cyclical forecaster.

SHOWS: LONDON, ENGLAND, UK (JANUARY 21, 2015) (REUTERS - ACCESS ALL)

1. SLATE, READING (English): 'HAS THE RATE CUT IN INDIA MADE THE SKEPTICS JOIN THE PARTY - DO YOU WORRY ABOUT THIS ENTHUSIASM ABOUT INDIA OR IS IT GO WITH THE FLOW?'

2. FORMER GOLDMAN SACHS, CHIEF ECONOMIST, JIM O'NEILL, SAYING:

'Yeah it's a very interesting question. At some point of course when everybody is thinking one way then it makes a country and a country's market very vulnerable and the shift in general thinking about India in the past 15 months is pretty big and so it does concern me a little but it will be something I think that would be more worthy of focusing on after we see what detail is announced in the budget . If the budget is disappointing some of these what I call 'Johnny come latelys' of sort of lazy optimists will quickly disappear.'

3. SLATE, READING (English): 'THE IMF BACK GLOBAL GROWTH BUT THE GROWTH NUMBER FOR INDIA OUTSHINES CHINA IN 2016. ARE THERE GROWTH HEADWINDS IN CHINA THAT COULD FAVOUR INVESTMENTS INTO INDIA?'

4. FORMER GOLDMAN SACHS, CHIEF ECONOMIST, JIM O'NEILL, SAYING:

'You know I have to be diplomatic, I suppose, but I will take some risk. You know the IMF forecast changes are neither here nor there in my opinion. The IMF has no particular success as a cyclical forecaster. The forecast check are usually not as good as the revisions that they make about what growth was a couple years after that year has finished and in particular for them to be making these downwards changes at a time when oil prices have fallen so much, strikes me as pretty strange. In the days where I was managing a lot of economic researchers and doing a lot of it myself, lower oil prices would have been a definite reason to increase a forward looking GDP forecast. So, I think the IMF's probably got that wrong in my opinion. And I continue to think particulary speaking just after the latest Chinese GDP numbers the Chinese economy is adjusting better than many people think. And its growth is increasingly being driven by its own consumer and its own tertiary sector so I think there is more positive things going on in the world than the tone of that IMF forecast revision suggest.'