WASHINGTON: Global growth in 2019 should be even slower than previously expected but a "precarious" rebound later this year is likely, the head of the International Monetary Fund said on Tuesday. "The expected rebound in global growth this year is precarious," she said in prepared remarks at the US Chamber of Commerce. Lagarde said the IMF next week was due to cut its global growth forecasts even further than it had in January, with more than two thirds of the world economy likely to see slowing growth. Gloom about slowing growth in Asia, Europe and the United States, as well as the protected US-China trade war, have sparked periodic jitters on markets since last year. Lagarde repeated warnings about imposing tariffs, saying such barriers to trade were "potentially self-inflicted wounds" that threatened to dent economic growth and leave no winners.

Source: Mint April 02, 2019 13:52 UTC