Economics
IMF Sees Weakest World Growth in Three Years as Europe Slows
- Fund cuts forecast for second time in three months to 3.5%
- Warning of further downgrades if trade war deepens anew
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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.