Home News IMF cuts global growth outlook for 2019

IMF cuts global growth outlook for 2019

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Chief economist Gita Gopinath announced the global growth estimations for 2019 in a press conference held on Monday.

Ms. Gopinath stated that world economy is slowing down and it will continue to do so as countries disagree on trade.

IMF estimates the growth outlook to increase by 3.5%, 0.2% below the estimation in October.

The main cause is the tariff increases between U.S and China.

Another reason is the possibility of Brexit without an agreement.

 

 

 

 


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