The International Monetary Fund is warning of a global economic slowdown as it has slashed its 2019 global economic outlook to three-point-three percent,... the lowest level since 2016.
South Korea's growth forecast remains unchanged.
Kim Hyo-sun reports.
The IMF has downgraded its world economic outlook for 2019,... warning of a global economic slowdown.
It forecasts the world economy will grow three-point-three percent this year,... down from the three-point-five percent it had forecast for 2019 in January.
This is the lowest level of forecast in three years.
Describing the present as a delicate moment,... the IMF's chief economist explained that the global economy will recover during the latter half of the year and reach three-point-six percent growth in 2020.
The IMF pointed to trade tensions, Brexit and other political uncertainties as some of the risks facing the world economy.
The IMF has maintained its 2019 growth forecast for South Korea unchanged at two-point-six percent.
Its World Economic Outlook released on Tuesday also forecasts the country's economy to improve in 2020,... with 2-point-eight percent growth.
The South Korean government's stimulus package, including its supplementary budget is seen as the major reason behind the fund maintaining the country's economic outlook amid a lowered global economic forecast.
The IMF also pointed out that South Korea should adopt expansionary monetary policies or credit easing policy in case the economy faces challenges.
Kim Hyo-sun, Arirang News.