IMF lowers forecasts over trade battles

Published on Oct 16, 2019
The International Monetary Fund says trade battles have put the global economy in a precarious position. On October 15, the organization revealed that it had lowered its global growth forecast for 2019 to three percent, down 0.2 percentage points from its July estimation. The IMF noted that it was the slowest pace since the global financial crisis. The IMF also revised down its global growth projection for 2020 to 3.4 percent, 0.1 percentage points lower from its July estimate. Meanwhile, the IMF expects U.S. economic output to fall half a percent next year, while China’s drops two percent.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s