IMF upgrades Irish growth forecast but warns of risk from potential no-deal BrexitThe International Monetary Fund (IMF) cut its global economic growth forecasts for 2019 and warned growth could slow further including because of a potentially messy Brexit. In a third global downgrade since October, the IMF said some major economies, including China and Germany, might need to take short-term actions to prop up growth. A sharp slowdown in Europe and some emerging market economies will give way to a general re-acceleration in the second half of 2019, the IMF reckons. Global growth will likely be 3.3pc this year, the slowest since 2016, the IMF. More than two-thirds of the expected slowdown in 2019 owes to trouble in rich nations.

Source: Irish Independent April 09, 2019 15:11 UTC