IMF cuts global growth forecast to 3.5%. Slowest in 3 years.

Author: Greg Michalowski | Category: News

Sees US at 2.5% (unchanged). China 6.2% (Unchanged)

Sees US at 2.5% (unchanged). China 6.2% (Unchanged)
  • IMF cuts global growth forecast to 3.5% in 2019.  Sees 2020 at 3.6%
  • Euro growth forecast cut to 1.6% from 1.9% projected on October
  • maintains US growth forecast at 2.5% in 2019 and 1.8% in 2020
  • maintains China growth forecasts for 2019 and 2020 at 6.2%.  Warns economic activity may fall short of expectations if trade tensions persist
  • risk to global growth tilted downside
  • further escalation of trade tensions remained key source of risk to Outlook
  • a no deal Brexit, greater than expected slowdown in China among triggers that could spark further deterioration in risk sentiment
  •  the 3.5% growth forecast is the slowest in 3 years

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