IMF, too, pegs slower global growth

Washington, April 3

Global growth in 2019 should be even slower than previously expected but a “precarious” rebound later this year is likely, the head of the International Monetary Fund said on Tuesday.

In a speech ahead of next week’s spring meetings in Washington with the World Bank, IMF chief Christine Lagarde said the world economy was vulnerable to shocks from Brexit, high debt levels and trade tensions, as well as unease on financial markets. She said the IMF next week was due to cut its global growth forecasts even further than it had in January. — AFP