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IMF Trims Growth Forecast for Global Economy
The International Monetary Fund has lowered its growth forecast for the global economy in 2019 to 3.2% from 3.3%.
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The International Monetary Fund has lowered its growth forecast for the global economy in 2019 to 3.2% from 3.3%.
IMF, describing growth to BBC News as “sluggish and precarious” through 2020, predicts the world’s economy will expand 3.5% next year, down from its previous estimate of 3.6%.
The fund warns that the threat of a worsening U.S.-China trade war, U.S. tariffs on cars and a no-deal Brexit “sap confidence, weaken investment, dislocate supply chains and severely slow global growth below the baseline.”
IMF predicts economic growth in the U.S. will slow from 2.9% last year to 1.9% in 2020, as stimulus of the Trump administration’s tax cuts fades.
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