Mexican Media Brands
IMF Lowers Global Growth Forecast Again
The International Monetary Fund predicts the global economy will expand by 3.5% this year, down from last year’s 3.7% and the 3.7% the predicted in October.
#economics
Share
The International Monetary Fund predicts the global economy will expand by 3.5% this year, down from last year’s 3.7%. In October, the fund predicted 3.7% growth for this year.
The IMF attributes its lower outlook to the impact of trade tensions and rising interest rates. The more cautious forecast mirrors similar predictions by the World Bank and the Organization for Economic Cooperation and Development.
The fund predicts the world’s two largest national economies, the U.S. and China, will grow by 2.5% and 6.2%, respectively, this year. The eurozone’s gross domestic product is expected to expand by about 1.7% in 2019.
The IMF estimates the U.K.’s economy will gain about 1.5% this year and in 2020. But it cautions that uncertainties about Brexit cloud the forecast.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.