IMF cuts forecast again, but says slowdown may be ending
Fresh downward revision to growth outlook set against “tentative stabilisation”, says Gita Gopinath
The International Monetary Fund said there were signs of a “tentative stabilisation” of global growth today (January 20), even as it made further cuts to its growth forecasts.
The IMF now expects the global economy to grow 2.9% in 2019, rising to 3.3% in 2020 and 3.4% in 2021. The figures represent a 0.1 percentage point cut in 2019 and 2020 relative to the October forecast, and a 0.2 percentage point cut for 2021. The fund had already cut its forecasts back in April 2019 and again in October.
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