Trade tensions between the US and its trading partners and Brexit are tarnishing global and European growth forecasts.
The IMF has therefore announced a reduction in its global growth forecasts even if they remain high. In fact, it now forecasts growth of 3.7% for 2018 and 2019, while forecasting an initial growth of 3.9%.
The International Monetary Fund has also lowered its growth forecasts for the euro area for 2018. Brexit uncertainty, Italy-related tensions and the slowdown in European exports have impacted growth forecasts. These should therefore be around 2% this year instead of 2.2%.
As for the United States, growth will be good (2.4%) in 2018 thanks to tax cuts but it should decrease next year because of the trade war they are waging with China.