(May 6): In April 2018, the International Monetary Fund projected that the world economy would grow robustly, at just above 3.9% that year and into 2019. The global upswing, the fund said, had become “broader and stronger.” That view quickly proved too rosy. In 2018, the world economy grew only 3.6%. And in its just-released update, IMF recognises that the ongoing slowdown will push global growth down to only 3.3% in 2019.

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