The global economy will likely grow 3.3% this year, its slowest expansion since 2016, the IMF said in a forecast that cut 0.2 percentage point from its January outlook. The IMF’s new forecast assumes an orderly “Brexit” but the Fund said a chaotic process could shave more than 0.2 percentage point from global growth in 2019. Europe’s economic growth is already slowing substantially and it accounted for much of the reduction in the global growth forecast. The IMF also cut Japan’s growth outlook following a string of natural disasters. The IMF raised its forecast for US growth in 2020 by a tenth of a percentage point to 1.9%.

Source: The Express Tribune April 09, 2019 15:22 UTC