IMF warns of 'global economic storm' at World Government Summit
- 5 years ago
The International Monetary Fund warned governments to gear up for a possible economic storm as global economic growth falls short of expectations.
IMF Managing Director Christine Lagarde, who attended the World Government Summit in Dubai on Sunday,... referred to what she calls "four clouds" as the main factors undermining the global economy.
Those include trade tensions and tariff escalations between China and the U.S., financial tightening, uncertainities stemming from Britain leaving the European Union... and the spillover effects from the slowdown of the Chinese economy.
Last month, the IMF lowered its forecast for the global economy by zero-point-two-percentage-points to 3-point-5-percent for this year.
IMF Managing Director Christine Lagarde, who attended the World Government Summit in Dubai on Sunday,... referred to what she calls "four clouds" as the main factors undermining the global economy.
Those include trade tensions and tariff escalations between China and the U.S., financial tightening, uncertainities stemming from Britain leaving the European Union... and the spillover effects from the slowdown of the Chinese economy.
Last month, the IMF lowered its forecast for the global economy by zero-point-two-percentage-points to 3-point-5-percent for this year.