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Added on the 24/10/2019 12:45:19 - Copyright : France 24 EN
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
Surging inflation and severe slowdowns in the United States and China prompted the IMF to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse. SOUNDBITE
The OECD trims its 2020 global economic growth forecast and says it does not see a strong rebound in 2021 owing to risks stemming from trade tensions. SOUNDBITE
The managing director of the International Monetary Fund, Kristalina Georgieva warns that "the cumulative losses of trade conflicts could get us to about $700 billion by 2020" in a speech in Washington ahead of IMF-World Bank autumn meetings next week SOUNDBITE
"In 2019, we expect slower growth in nearly 90 percent of the world. ... the world economy is now in synchronized slowdown," says the newly-installed IMF chief Kristalina Georgieva in a speech ahead of IMF-World Bank annual meetings next week. SOUNDBITE
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
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