'After years of economic expansion, global growth is slowing, sparking concerns about a deeper downturn.' IMF monetary head Tobias Adrian
This IMF handout photo shows International Monetary Fund Financial Economic Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian as he briefs the media on the Global Financial Stability Report at the IMF Headquarters during the IMF/World Bank Spring Meetings in Washington, DC. April 10, 2019.
"After years of economic expansion, global growth is slowing, sparking concerns about a deeper downturn," Tobias Adrian, head of the IMF's monetary and capital markets department, said at a briefing to discuss the international lender's Global Financial Stability Report. On Tuesday, the IMF cut its expectations for global growth to its lowest level since 2016. It marked its third downgrade since October. In Wednesday's report, it cautioned a sharper-than-expected slowdown could spur tighter financial conditions.
"The US corporate credit cycle appears to be at its highest point in recent history," the IMF said, adding that global earnings growth has "likely peaked."
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