IMF chief warns trade wars hurting global economy
- 6 years ago
Meanwhile not all are painting a rosy picture on global trade… IMF chief Christine Lagarde has warned that rising trade disputes and tariffs would weigh on the global economy.
Her comments in Washington on Monday signaled that the IMF may cut its global growth forecast during annual meetings with the World Bank next week.
"….In July, we projected 3.9 percent global growth for 2018 and 2019. The outlook has since become a little bit less bright, as you will see from our updated forecast next week. "
While the U.S. is growing strongly, Lagarde noted there are signs of slowing in Europe and Japan.
She added China is showing also signs of growth moderation, a trend that will be exacerbated by its trade disputes with the United States.
Her comments in Washington on Monday signaled that the IMF may cut its global growth forecast during annual meetings with the World Bank next week.
"….In July, we projected 3.9 percent global growth for 2018 and 2019. The outlook has since become a little bit less bright, as you will see from our updated forecast next week. "
While the U.S. is growing strongly, Lagarde noted there are signs of slowing in Europe and Japan.
She added China is showing also signs of growth moderation, a trend that will be exacerbated by its trade disputes with the United States.