IMF Cuts 2019 Global Growth Outlook as World Economy Stumbles

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IMF Cuts 2019 Global Growth Outlook as World Economy Stumbles
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The IMF has cut its global growth outlook for 2019, with all major advanced economies—including the U.S.—seeing deterioration in their outlook

Global economic growth in 2019 is off to a worse start than was apparent earlier in the year, with nearly the entire world economy stumbling, according to new forecasts from the International Monetary Fund.

The IMF’s latest economic forecasts cut the outlook for growth in 2019 to 3.3% from estimates of 3.5% in January and 3.7% in October. The decline has been broadly felt, with all major advanced economies, including the U.S., and most major emerging-market economies seeing deterioration in their outlook.

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