IMF downgrades global growth outlook, places responsibility on US-China trade tensions


(Worthy News) – The International Monetary Fund (IMF) on Tuesday downgraded its outlook for the world economy, warning that the imposition of import tariffs between the US and China were taking its toll on global trade.

The IMF’s World Economic Outlook report, unveiled on the eve of its upcoming summit in Bali, Indonesia, estimated that global growth in 2018 would reach 3.7 percent, the same as the previous year but lower than the 3.9 percent it had forecast earlier this year.

It also slashed its outlook this year for 19 countries, including several eurozone member states and emerging markets. [ Source: Deutche Welle (Read More…) ]

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