SINGAPORE (Apr 15): Major central banks around the world have maintained a dovish stance, in line with a softer growth outlook by the International Monetary Fund.
In its latest World Economic Outlook on April 9, the IMF lowered its growth forecast for 2019 to 3.3%, from 3.5% previously. This is the third time in six months that the fund has trimmed its outlook. The IMF cautioned that unresolved trade disputes are a challenge for many countries. It also warned that China’s growth “may surprise on the downside”, while risks emanating from Brexit “remain heightened”.
“This is a delicate moment,” IMF chief economist Gita Gopinath said at a press briefing in Washington. “It’s very important that policymakers do no harm and work cooperatively.”