IMF forecast: Global growth will weaken this year to 3.3%
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(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…) ]
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