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

Tuesday, October 9, 2018 | Tag Cloud Tags: , , , , , , , , , ,

(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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1 thought on “IMF downgrades global growth outlook, places responsibility on US-China trade tensions”

  1. The IMF is controlled by a small group of Elites which is intricately involved in the formation of a NWO One World Government. I really don't care what it says or does. If I were President, I would not participate in it.

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