ahlam1399
01-22-2019, 02:07 PM
The International Monetary Fund (http://www.cnbc.com/imf/) reduced its estimate for global growth on Monday, cautioning that the growth momentum seen in recent years is slowing (http://www.cnbc.com/2019/01/21/imf--cuts-global-growth-outlook-2019-2020.html).
The IMF now projects a 3.5 percent growth rate worldwide for 2019 and 3.6 percent for 2020. These are 0.2 and 0.1 percentage points below its last forecasts in October — making it the second downturn revision in three months.
“A range of triggers beyond escalating trade tensions could spark a further deterioration in risk sentiment with adverse growth implications, especially given high levels of public and private debt,” the Fund said.
These potential triggers include a “no-deal” Brexit (http://www.cnbc.com/id/105056595) for the U.K. and a deeper-than-envisaged slowdown in China (http://www.cnbc.com/china/). The IMF report comes on the back of China reporting its slowest economic growth in almost three decades (http://www.cnbc.com/2019/01/21/china-2018-gdp-china-reports-economic-growth-for-fourth-quarter-year.html).
Speaking at the World Economic Forum in Davos (http://www.cnbc.com/davos-world-economic-forum/), Christine Lagarde, Managing Director of the IMF, said: “After two years of solid expansion, the world economy is growing more slowly than expected and risks are rising. But even as the economy continues to move ahead … it is facing significantly higher risks.”
</p>
Source link (https://www.cnbc.com/2019/01/22/asia-markets-global-economic-outlook-brexit-currencies-in-focus.html)
More (http://ahlam1399.i234.me:8888/m/2019/01/22/global-economic-outlook-brexit-currencies-in-focus/)
The IMF now projects a 3.5 percent growth rate worldwide for 2019 and 3.6 percent for 2020. These are 0.2 and 0.1 percentage points below its last forecasts in October — making it the second downturn revision in three months.
“A range of triggers beyond escalating trade tensions could spark a further deterioration in risk sentiment with adverse growth implications, especially given high levels of public and private debt,” the Fund said.
These potential triggers include a “no-deal” Brexit (http://www.cnbc.com/id/105056595) for the U.K. and a deeper-than-envisaged slowdown in China (http://www.cnbc.com/china/). The IMF report comes on the back of China reporting its slowest economic growth in almost three decades (http://www.cnbc.com/2019/01/21/china-2018-gdp-china-reports-economic-growth-for-fourth-quarter-year.html).
Speaking at the World Economic Forum in Davos (http://www.cnbc.com/davos-world-economic-forum/), Christine Lagarde, Managing Director of the IMF, said: “After two years of solid expansion, the world economy is growing more slowly than expected and risks are rising. But even as the economy continues to move ahead … it is facing significantly higher risks.”
</p>
Source link (https://www.cnbc.com/2019/01/22/asia-markets-global-economic-outlook-brexit-currencies-in-focus.html)
More (http://ahlam1399.i234.me:8888/m/2019/01/22/global-economic-outlook-brexit-currencies-in-focus/)