IMF cuts forecast again, but says slowdown may be ending

Gita Gopinath
IMF Staff Photograph/Stephen Jaffe

The International Monetary Fund said there were signs of a “tentative stabilisation” of global growth today (January 20), even as it made further cuts to its growth forecasts.

The IMF now expects the global economy to grow 2.9% in 2019, rising to 3.3% in 2020 and 3.4% in 2021. The figures represent a 0.1 percentage point cut in 2019 and 2020 relative to the October forecast, and a 0.2 percentage point cut for 2021. The fund had already cut its forecasts back in April 2019 and again in October.

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