IMF warns of world tensions impacting on global economy

World leaders should immediately work to end the tensions in their countries that are impacting on the global economy, the IMF’s chief economist has urged.

The IMF has slashed its global growth outlook for 2019 to 3.5% – down from the 3.7% it penciled in just months ago in October – because of political uncertainty and trade tension, in its World Economic Outlook released today.

Gita Gopinath, IMF’s chief economist, said recent political events, such as the uncertainty of Brexit, the ‘yellow vest’ protests in France and the US shutdown and the global trade war, could further worsen the global growth outlook. She was speaking today at a press conference at the World Economic Forum in Davos.

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