IMF cuts its global growth forecasts, citing trade tensions between the US and its trading partners

  • The International Monetary Fund cuts its global growth forecasts as trade tensions between the U.S. and trading partners have started to hurt economic activity worldwide.
  • The IMF says the global economy is now expected to grow at 3.7 percent this year and next year — down 0.2 percentage points from an earlier forecast, according to the fund’s latest World Economic Outlook report released on Tuesday.

 

International Monetary Fund (IMF) managing director Christine Lagarde speaks during a press conference in Tokyo on October 4, 2018. 

Kazuhiro Nogi | AFP | Getty Images

International Monetary Fund (IMF) managing director Christine Lagarde speaks during a press conference in Tokyo on October 4, 2018.

The International Monetary Fund has cut its global growth forecasts as trade tensions between the U.S. and trading partners have started to hit economic activity worldwide.

The IMF said the global economy is now expected to grow at 3.7 percent this year and next year — down 0.2 percentage points from an earlier forecast, according to the fund’s latest World Economic Outlook report released on Tuesday.

The report — published twice a year in April and October — is widely read by both public and private sectors globally for the IMF’s assessment of the world economy. The latest edition was released as thousands of finance officials and professionals gather in Bali, Indonesia, for the IMF and World Bank annual meetings

https://www.cnbc.com/2018/10/09/world-economic-outlook-imf-cuts-global-growth-forecasts-on-trade-fight.html

SHARE THE WORD!