IMF forecast: Global growth will weaken this year to 3.3%
Wednesday, April 10, 2019 | Tag Cloud Tags: Economy, EU, Euro, Europe, Japan, News, Trade, United States, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – The International Monetary Fund on Tuesday downgraded its outlook for growth in the United States, Europe, Japan, and the overall global economy and pointed to heightened trade tensions as a key reason.
The IMF expects the world economy to grow 3.3% this year, down from 3.6% in 2018. That would match 2016 for the weakest year since 2009. In its previous forecast in January, the IMF had predicted that international growth would reach 3.5% this year.
For the United States, IMF economists downgraded their growth forecast for this year to 2.3% from 2.9% in 2018. [ Source: Fox News (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.