IMF Downgrades Global Growth, Blames Trade Tensions

Breitbart | 10/15/2019 | Staff
blacky (Posted by) Level 3
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The International Monetary Fund sees global growth falling to the lowest level since the financial crisis, pulled down by slowing international trade.

The IMF said Tuesday that it expects growth to slow to 3 percent this year, down from its July estimate of 3.1 percent.

IMF - Situation - Slowdown - Meaning - Economies

The IMF described the situation as a “synchronized slowdown,” meaning economies all around the world are slowing together. It forecast for the U.S. economy dropped by two-tenths of a percentage point to 2.4 percent annual growth in 2019. China’s forecast was lowered one-tenth of a percentage point to 6.1 percent. Japan was left unchanged at the already low level of 0.9 percent growth. Europe was cut one-tenth of a percentage point to 1.2 percent.

“Growth continues to be weakened by rising...
(Excerpt) Read more at: Breitbart
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