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The International Monetary Fund reduces its global growth forecast.

The International Monetary Fund reduces its global growth forecast.
09/10/2018

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.