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Lagarde Says World Growth Outlook Dimming as Trade War Escalates
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IMF chief says global growth risks are starting to materialize
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Protectionist rhetoric turning into actual trade barriers: IMF
Lagarde says she is "encouraged" by the USMCA, but warns a worsening trade dispute can hinder EM growth.
The International Monetary Fund is poised to cut its forecast for global growth as Managing Director Christine Lagarde warns trade wars and tighter credit are darkening the outlook.
Three months since predicting the world economy would grow 3.9 percent this year and next, Lagarde signaled in Washington that she is no longer quite so optimistic. The fund will update its World Economic Outlook on Oct. 9 ahead of opening its annual meeting in Bali, Indonesia.
