According to the International Monetary Fund, the global economy will begin to slow down its growth by more than the forecasts that were made only a month ago. The IMF stresses that the countries affected by the ongoing trade war and damage will have to reduce their growth forecasts.
Only a month ago, the organization cut their growth forecasts, and with the current data, the situation seems to be getting worse. Financial conditions have tightened, especially in emerging markets, and during that time trade tensions are rising.
Investors will follow developments after Donald Trump and Xi Jinping, which will be on Saturday for the G20 summit. The US has so far imposed $ 250 billion in tariffs on Chinese imports, while Beijing has repaid $ 110 billion in tariffs.
Christine Lagarde encouraged states to cut costs wherever possible to have more "room" in response to the continued slowdown in growth. Central banks have to take a gradual raise of interest, which is consistent and depends on the data.
source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
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