ZCZC
BCN-07
IMF-WORLD-ECONOMY-GROWTH
IMF cuts global growth to 3.2% in 2019, 3.5% in 2020
WASHINGTON, July 23, 2019 (BSS/AFP) – Global trade tensions and continued
uncertainty are sapping the strength of the world economy which faces a
“precarious” 2020, the International Monetary Fund warned on Tuesday.
In its quarterly update of its World Economic Outlook the IMF trimmed the
global forecast issued in April by 0.1 this year and next, with growth
expected to hit 3.2 percent in 2019 and 3.5 percent in 2020.
The IMF raised the US GDP forecast by three tenths to 2.6 percent for 2019
but the American economy is expected to slow to 1.9 percent in 2020.
BSS/AFP/SR/1930 HRS