Oct 09, 2018 08:12 PM

Update: IMF Cuts Global, China Growth Forecasts, Blaming Trade War

Photo: VCG
Photo: VCG

* Organization downgrade of global growth project is the first since July 2016

* IMF report says that “Escalating trade tensions and the potential shift away from a multilateral, rules-based trading system are key threats to the global outlook”

(Nusa Dua, Indonesia) —The International Monetary Fund (IMF) on Tuesday announced that it has lowered its 2019 projection for economic growth globally — and also for China and the U.S. — due to rising trade barriers and greater policy uncertainty.

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