I Feel They are Planning a CRASH!
World Economic Outlook: Trade Tensions and Tariffs a Major Threat to Global Economic Growth
This week, the Boards of Governors of the International Monetary Fund (IMF) and World Bank Group (WBG) will convene for their annual meetings in Indonesia to discuss issues of global concern, including global economic growth. In the context of the meetings, the IMF publishes the World Economic Outlook (WEO) which analyzes global growth prospects in the short and medium turn and the risks which impede these prospects. While this October’s report still predicts a steady expansion for 2018-19 at a 3.7 per cent growth rate, this forecast is 0.2 per cent lower than in April. One of the major reasons for this downward correction are recent trade policies which are expected to continue to be a downward risk leading to further disruption, uncertainty, and weaker growth.
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