Saturday October 31, 2020

IMF trims global growth forecast citing China slowdown

Government fears monetary easing could spur capital outflows

19th January, 2016
Downward pressure on industry threatens to spread to consumption and services. Pic: Getty

The International Monetary Fund has cut its global growth forecasts for the third time in less than a year.

The fund cited a sharp slowdown in China trade and weak commodity prices hammering Brazil and other emerging markets.

The updated World Economic Outlook forecasts came amid concern over China’s slowdown and plummeting oil prices.

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