WASHINGTON The global economy is slowing more than expected. A sharp downturn could require world leaders to coordinate stimulus measures, the International Monetary Fund (IMF) said as it cut its forecast for world economic growth this year. The global lender's...
The comments provided an eerie warning to those gathering in Washington this week for the spring meetings of the IMF and World Bank.
More than two-thirds of the expected slowdown this year stems from troubles in rich nations, including members of the EU. One potential misstep lies in Britain's indecision over how to leave the EU. Despite looming deadlines, London has not decided how it will try to shield its economy during the exit process.
The US economy, while seen outperforming other rich nations' economies, also got a downgrade on signs that a fiscal stimulus fuelled by tax cuts was producing less activity than previously expected.
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