IMF Lowers Forecast for Global Growth in 2019
January 22, 2019
The International Monetary Fund sees global economic expansion weakening in the coming year. The organization has cut its forecast for world economic growth to 3.5 percent. This is down from its 3.7 percent forecast in October, itself a reduction from July’s 3.9 percent prediction.
Much of the decline is because of weakening economies in Europe. The IMF cut Germany’s growth forecast by 0.6 percent, Italy’s by 0.4 percent, and France by 0.1 percent.
The forecast for the U.S. and China remained unchanged.