Trade war cuts global growth to lowest since 2008 financial crisis: IMF3 min read 15 Oct 2019, 07:30 PM IST
The IMF said its latest World Economic Outlook projections show 2019 GDP growth at 3.0%, down from 3.2% in a July forecast, largely due to increasing fallout from global trade friction
The forecasts set a gloomy backdrop for the IMF and World Bank annual meetings this week in Washington
WASHINGTON : The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned on Tuesday, adding that the outlook could darken considerably if trade tensions remain unresolved.
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