The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 percent this year despite worries about rising trade tensions and higher oil prices. But the lending agency is downgrading the outlook for Europe and Japan.
The IMF now predicts that the economy of the 19-country eurozone will grow 2.2 percent in 2018, down from the 2.4 percent it forecast in April. The fund expects the Japanese economy to expand 1 percent this year, downgrading its 1.2 percent April forecast.
The IMF still expects tax cuts to lift U.S. economic growth to 2.9 percent this year, up from 2.3 percent in 2017.
Citing proliferating trade conflicts, IMF chief economist Maury Obstfeld warned that “the risk of worse outcomes has increased” for the world economy.
Written by Admin
Install your trader software at VPS server of one of the super fast providers:
Do you want to have such profits and charts? Choose our Megastorm EA for trading in the Forex market...
Federal Reserve Chairman Jerome PowellKevin Lamarque | ReutersDespite what he sees as a rapidly recovering ...
A man wears Levis Strauss & Co. clothing during the company's initial public offering (IPO) ...
Alex Wong | Getty Images News | Getty ImagesPresident Joe Biden asked Congress for a ...