Jim Cramer Says IMF Might Be Too Negative in Cutting Global Growth

TheStreet's Jim Cramer says he thinks Europe is getting better, and the IMF might be too negative in cutting its 2016 global growth forecast. He also thinks there's some improvement in China's economy. Cramer says the IMF's decision to cut its growth forecast took him by surprise, and it also means the U.S. Federal Reserve shouldn't hike rates too aggressively. The IMF also said the United Kingdom's potential exit from the European Union could cause 'severe regional and global damage.'  Cramer said he's concerned about the U.K. market overheating and does not want to invest there. Cramer is portfolio manager of the Action Alerts PLUS charitable trust.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.