The International Monetary Fund slashed its forecasts for global economic growth, primarily because of the Sino-American trade war. The fund reckons world GDP will grow by just 3% in 2019, 0.3 percentage points less than it forecast six months ago. That will make it the slowest rate of expansion since the great recession of 2009 [sic - should be the Great Recession of 2008-9].
Wednesday 16 October 2019
2019-16 Slower growth because of US-China trade war
From October 16 news summary by the Economist:
The International Monetary Fund slashed its forecasts for global economic growth, primarily because of the Sino-American trade war. The fund reckons world GDP will grow by just 3% in 2019, 0.3 percentage points less than it forecast six months ago. That will make it the slowest rate of expansion since the great recession of 2009 [sic - should be the Great Recession of 2008-9].
The International Monetary Fund slashed its forecasts for global economic growth, primarily because of the Sino-American trade war. The fund reckons world GDP will grow by just 3% in 2019, 0.3 percentage points less than it forecast six months ago. That will make it the slowest rate of expansion since the great recession of 2009 [sic - should be the Great Recession of 2008-9].
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