New IMF chief Georgieva says world suffering 'synchronized slowdown'Newly-installed International Monetary Fund (IMF) Managing Director Kristalina Georgieva warns that the trade wars are having lasting impact on the global economyWASHINGTON - Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new IMF chief said Tuesday. The global economy is now in a synchronized slowdown," Georgieva said in a speech ahead of IMF-World Bank autumn meetings next week. Previously, the world economy had been projected to expand by 3.2 percent in 2019 and 3.5 percent in 2020. The fund is due to release details in its updated World Economic Outlook on October 15. Everyone loses in a trade war," Georgieva said.

Source: Bangkok Post October 08, 2019 16:07 UTC