UK’s outlook for 2019 stays at 1.5% but preceding forecast for 1.3% this year cut to 1.1% Donald Trump’s trade war with China and Europe is forecast to hit global growth this year and reverberate through 2019,the International Monetary Fund has warned in its latest health check on the global economy.
The escalation of the US president’s protectionist policies, which has resulted in the world’s largest economy doubling import duties on some Chinese goods, or has dragged down the forecast for growth this year and next,with the world’s largest trading countries, including the US, and France,Germany and China, among the hardest hit. Related: World economy at risk of another financial crash, or says IMF Continue reading...
Source: theguardian.com