World Economy Is Expected To Slow In 2019 Amid Trade Tensions, The International Monetary Fund Warns

PAUL WISEMAN / AP, Time: World
Mon, 01/21/2019 - 7:53am

(DAVOS, Switzerland) — The world economy will be more sluggish this year, the International Monetary Fund warned Monday, citing trade disputes that have seen China slow to its weakest pace in 30 years as well as the impact of rising U.S. interest rates. The IMF cut its forecast for global growth this year to 3.5 percent, from the 3.7 percent it had predicted in October and down from 2018’s 3.7 percent. “After two years of solid expansion, the world economy is growing more slowly than expected and risks are rising,” said IMF Managing Director Christine Lagarde as she presented the new forecasts at the World Economic Forum in Davos, Switzerland. Underscoring the wobbly state of the global economy: China, the world’s second-biggest economy, on Monday reported 2018 growth of 6.6 percent, the weakest since 1990.

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World Economy Is Expected To Slow In 2019 Amid Trade Tensions, The International Monetary Fund Warns

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