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IMF cuts 2019 global GDP growth forecast to 3.5% (0.2 percentage points less than it said in October), the lowest in three years
IMF cuts 2019 global GDP growth forecast to 3.5% (0.2 percentage points less than it said in October), the lowest in three years | Full report: https://t.co/PuP4mrIfPM #commodities #oil #OOTT #wef19 pic.twitter.com/HDCdfiNLpz
— Javier Blas (@JavierBlas) January 21, 2019
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IMF Sees Weakest Global Growth in Three Years as Europe Slows
The International Monetary Fund cut its forecast for the world economy, predicting it will grow at the weakest pace in three years in 2019 and warning fresh trade tensions would spell further trouble. In its second downgrade in three months, the lender blamed softening demand across Europe and recent palpitations in financial markets. It predicts global growth of 3.5 percent this year, beneath the 3.7 percent expected in October and the rate in 2018. The outlook is perhaps more upbeat than that of many investors who openly fear a U.S-led slowdown taking hold. The fund left its projections for the U.S. and China ... (full story)