Global economic outlook, Brexit, currencies in focus
The International Monetary Fund reduced its global growth estimate on Monday and announced that growth momentum has slowed in recent years.
The IMF is now projecting a growth of 3.5 per cent worldwide in 2019 and 3.6 per cent by 2020. These are 0.2 and 0.1 percentage points during their latest forecasts in October, making it the second decline for three months.
"A number of triggers beyond escalating trading tensions can further exacerbate the risk sentiment with negative growth implications, especially given high levels of public and private debt," the fund said. And a deeper than expected decline in China, the IMF report comes back to China, reporting its slowest economic growth for nearly three decades.
Speaking at the World Economic Forum in Davos, said Christine Lagarde, IMF Executive Director: " After two years of solid expansion, the world economy is growing slower than expected and the risk is rising. But even if the economy continues to move forward, it faces significantly higher risks. "
