World Economic Outlook

Central banks turn dovish as IMF urges to 'do no harm'

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”.


IMF cuts global growth outlook, cites trade war and weak Europe

DAVOS, Switzerland (Jan 21): The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilise a slowing global economy.

In its second downgrade in three months, the global lender also cited a bigger-than-expected slowdown in China’s economy and a possible “No Deal” Brexit as risks to its outlook, saying these could worsen market turbulence in financial markets.

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