IMF warns against using tariffs as trade weapon

IMF warns against using tariffs as trade weapon

The organisation said world growth remained subdued due to US-China trade conflicts, Brexit uncertainty and political tensions such as those in the Persian Gulf

The International Monetary Fund (IMF) has again lowered its forecast for global economic growth this year, due to trade conflicts, Brexit uncertainty and political tensions such as those in the Persian Gulf.

The fund’s World Economic Outlook said world growth remained subdued, and it expected the global economy to grow by 3.2 per cent this year, down from 3.3 per cent in its last set of forecasts in April.

It also reduced its forecast for world...

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