IMF Sees Political Discord as Major Risk to Weak Global Recovery
- Tariff war would undercut long-term world growth, IMF warns
- Global economy moving ‘sideways,’ IMF’s Obstfeld says
IMF Forecast Calls for Subdued Global Recovery
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Rising political tensions over globalization are threatening to derail a world recovery already seeking a reliable growth engine, the International Monetary Fund warned.
The global economy will expand 3.1 percent this year before accelerating to 3.4 percent next year, the IMF said in the latest update to its World Economic Outlook on Tuesday. Both forecasts were unchanged from estimates made in July. Advanced economies will remain “along a disappointingly low growth path,” while larger emerging markets are seen exiting recession and stabilizing, IMF chief economist Maurice Obstfeld said in prepared remarks.