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Added on the 21/11/2019 12:41:31 - Copyright : AFPTV - First images
The OECD cuts its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the China-US trade war threatens to crimp global growth. Governments "must act urgently to reinvigorate growth that benefits all," the Organisation for Economic Co-operation and Development says as it pared back its forecast for global growth to 3.2 percent this year from 3.3 percent earlier. SOUNDBITE
The International Monetary Fund slightly lowers its outlook for the global economy, predicting the global economy will grow by 2.8 percent this year and three percent in 2024, a decline of 0.1 percentage point from its previous forecasts in January. SOUNDBITE
International Monetary Fund Managing Director Kristalina Georgieva says during a press conference in Davos that the IMF has lowered the global growth forecast for 2020 and 2021. SOUNDBITE
The European Central Bank slightly lowers its eurozone growth forecast for 2020 to 1.1 percent from 1.2 percent, but sees output strengthening in the following two years, according to President of the European Central Bank. SOUNDBITE from Lagarde
The International Monetary Fund has cut its global growth forecasts for the third time in less than a year, citing a sharp slowdown in China trade and weak commodity prices that are hammering Brazil and other emerging markets. Sonia Legg reports