IMF warns of trade tensions in global outlook downgrade | World News, The Indian Express

IMF warns of trade tensions in global outlook downgrade | World News, The Indian Express

Published: July 24, 2019 2:55:12 pm

IMF warns of trade tensions in global outlook downgrade

With uncertainty on the horizon, the IMF has downgraded its outlook for the world's economic output. It warned that US tariffs on European cars, a no-deal Brexit or a trade war with China could tank the global economy.

The US has serious reservations over global lenders like the IMF providing a bailout to Pakistan to pay off Chinese debts. (Reuters)

With uncertainty on the horizon, the IMF has downgraded its outlook for the global economy. The International Monetary Fund (IMF) on Tuesday downgraded its global growth outlook, citing trade tensions between the two largest economies. The organization said it expects the world economy to expand by a “sluggish” 3.2% in 2019 after it expanded by 3.6% in 2018.