[ad_1]
The International Monetary Fund on Monday lowered its estimate of global growth, noting that the growth momentum seen in recent years is slowing.
The IMF is now forecasting a global growth rate of 3.5% for 2019 and 3.6% for 2020. This rate is 0.2% and 0.1% lower than its latest forecast for October – this is which makes it the second revision of slowdown in three months.
"A range of triggers beyond escalating trade tensions could lead to further deterioration of confidence in risk, with negative implications for growth, especially given high levels of public and private debt "said the Fund.
These potential triggers include a "no agreement" Brexit for the UK and a deeper than expected slowdown in China. The IMF report goes back to the fact that China has announced that its economic growth has been the slowest of the last three decades.
Speaking at the World Economic Forum in Davos, Christine Lagarde, Managing Director of the IMF, said: "After two years of sustained expansion, the global economy is growing more slowly than expected and the risks are increasing. However, the economy continues to evolve ahead … it faces much higher risks. "
Source link
