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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (53355)1/21/2019 8:13:31 AM
From: Goose94Read Replies (1) of 203577
 
HUV-T: World economy forecast to slow in 2019 amid trade tensions

The Int'l Monetary Fund has cut its forecast for world economic growth this year, citing heightened trade tensions and rising U.S. interest rates.

The IMF expects global growth this year of 3.5 per cent, down from 3.7 per cent in 2018 and from the 3.7 per cent it had forecast for 2019 back in October.

Unveiling its forecasts at the World Economic Forum in Davos, Switzerland, the fund left its prediction for U.S. growth this year unchanged at 2.5 per cent. But it trimmed that for the 19 countries that use the euro to 1.6 per cent from 1.8 per cent.

Growth in emerging-market countries is forecast to slow to 4.5 per cent from 4.6 per cent in 2018.

The World Bank and the Organization for Economic Cooperation and Development have also downgraded their world growth forecasts.
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