IMF warns of ‘synchronised slowdown’ as it cuts forecasts
Fund revises down growth prospects for 2019–20 and calls for action on financial vulnerabilities
The world is facing a “synchronised slowdown”, the International Monetary Fund’s Gita Gopinath warned today (October 15), as she presented the fund’s latest downward revision to its global growth forecasts.
The fund now expects growth to be 3% in 2019, a cut of 0.3 percentage points relative to its April forecast and the slowest pace since the global crisis. It expects a modest recovery in 2020, but that forecast has been cut too, by 0.2 percentage points to 3.4%.
“The global economy is in a
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