From swahapattanaik via Breakingviews: IMF plays Cassandra to the global economy
International Monetary Fund Managing Director Christine Lagarde delivers a speech at the U.S. Chamber of Commerce in Washington, U.S., April 2, 2019. REUTERS/Kevin Lamarque
The international lender headed by Christine Lagarde on Tuesday cut its 2019 global growth forecast to 3.3 percent, down from 3.6 percent in 2018 and the 3.5 percent that it had forecast as recently as January. A slowdown in advanced economies accounts for more than two-thirds of the projected deceleration from last year, with particularly big markdowns for Germany and Italy. And that’s if all goes well.
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