IMF cuts global growth forecast to 3.5 percent citing softer momentumStaff Writer | January 22, 2019
The International Monetary Fund (IMF) revised downward its global growth forecast for 2019 and 2020 to 3.5 percent and 3.6 percent respectively, citing softer momentum and weakening financial market sentiment.
World The downward revisions are "modest"
"This update of the World Economic Outlook projects global growth at 3.5 percent in 2019 and 3.6 percent in 2020. That is 0.2 and 0.1 percentage point below last October's projections," said Gopinath.
She warned that although the downward revisions are "modest", the risks to "more significant downward corrections" are rising. ■