The global economy is still expected to grow at a solid pace this year, but worsening trade confrontations pose serious risks to the outlook, the International Monetary Fund has said.
The IMF’s updated World Economic Outlook released today forecast global growth of three-point-nine percent this year and next, despite sharp downgrades to estimates for Germany, France and Japan.
The US economy is still seen growing by two-point-nine percent this year, and the estimate for China remains six-point-six percent. The IMF said growth prospects are below average in many countries and urged governments to take steps to ensure economic growth will continue.