
Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations, Reuters reported.
IMF Managing Director Christine Lagarde also warned emerging economies like Indonesia to 'be vigilant for spillovers' from China's slowdown, tighter global financial conditions, and the prospects of a U.S. interest rate hike.
'Overall, we expect global growth to remain moderate and likely weaker than we anticipated last July,' Lagarde told university students at the start of a two-day visit to Indonesia's capital.
The IMF in July forecast global growth at 3.3 percent this year, slightly below last year's 3.4 percent.
Lagarde said China's economy was slowing, although not sharply or unexpectedly, as it adjusts to a new growth model.
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor