While trade shock could be less severe than initially feared, evidence is mounting that it is hurting the global economy, IMF’s chief economist says
The International Monetary Fund (IMF) has substantially raised its growth forecast for China this year, while also slightly revising up global estimates, as China diversifies its export partners and trade tensions between the world’s two largest economies de-escalate.
The upwards revision for China’s forecast was the largest among all countries and regions included in the report, as this year’s global economic growth forecast was modestly revised up by 0.2 percentage points to 3 per cent.
Your personal data will be processed and information from your device (cookies, unique identifiers, and other device data) may be stored by, accessed by and shared with 88 TCF vendor(s) and 20 ad partner(s), or used specifically by this site or app.
Some vendors may process your personal data on the basis of legitimate interest, which you can object to by managing your options below. Look for a link at the bottom of this page or in the site menu to manage or withdraw consent in privacy and cookie settings.
