Global growth in 2019 should be even slower than previously expected but a 'precarious' rebound later this year is likely, the head of the ...
WASHINGTON: Global growth in 2019 should be even slower than previously expected but a"precarious" rebound later this year is likely, the head of the International Monetary Fund said on Tuesday .
At the start of the year, the fund had already lowered its expectations several notches from a prior outlook, calling for global GDP to expand by 3.5 per cent this year and next. "These policy responses have supported an easing of financial conditions and increased capital flows to emerging markets, where currencies have strengthened relative to the US dollar," Lagarde said.
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