Global growth expected to be stable yet underwhelming: IMF
The International Monetary Fund (IMF) has raised its growth forecasts for the US, but cut them for China, warning of risks from conflicts, trade wars and high interest rates. The United Nations’ major financial agency published its latest World Economic Outlook, which estimates that global GDP will remain at 3.2 per cent this year and next. Finance leaders have been gathering in Washington DC this week for the IMF and World Bank annual meetings. Benji Hyer reports.
The International Monetary Fund (IMF) has raised its growth forecasts for the US, but cut them for China, warning of risks from conflicts, trade wars and high interest rates. The United Nations’ major financial agency published its latest World Economic Outlook, which estimates that global GDP will remain at 3.2 per cent this year and next. Finance leaders have been gathering in Washington DC this week for the IMF and World Bank annual meetings. Benji Hyer reports.
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