IMF warns that global growth outlook is ‘precarious’
The International Monetary Fund says that policy makers need to ‘co-operatively de-escalate trade and geopolitical tensions’ for things to improve
15 October 2019 - 17:28
Washington — The International Monetary Fund (IMF) made a fifth-straight cut to its 2019 global growth forecast, citing a broad deceleration across the world’s largest economies as trade tensions undermine expansion.
The world economy will grow 3% in 2019, down from 3.2% seen in July, with the 2020 estimate lowered to 3.4% from 3.5%, the fund said on Tuesday in its latest “World Economic Outlook”. The forecast for this year will be the weakest since 2009, when the world economy shrank, as the fund chopped projections from the US and Europe to China and India...
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