Economic news

Global economy growth lessened in new prediction by IMF

The IMF’s projection for the world economic expansion for this and the next year was downed today, citing a detriment from Sino-U.S trade conflict and hardships of emerging countries linked to insufficient liquidity and flight of capital.

The new forecast is 3.7% growth for 2018 and 2019, 0.2% lower than July figure.

The change is based on the impacts of the raised import duties by the U.S. and China, eased expansion rates in EU countries and Japan, higher costs of borrowing in emerging economies like Brazil, Turkey, Argentina, causing exodus of capital.

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