Indonesia Laments ‘Over-Dominance’ of U.S. Dollar: IMF Update

Mounting trade tensions and stresses in emerging markets are starting to take a toll on the world economy. The International Monetary Fund this week cut its outlook for global growth for the first time since 2016, predicting 3.7 percent expansion this year and next compared with a forecast of 3.9 percent three months ago. Those issues are dominating talks at the annual IMF and World Bank meetings in Bali, Indonesia on Thursday, as well as a stock-market rout that’s spread from the U.S. to Asia.

Here are the latest developments from the meetings, updated throughout the day. (Time-stamps are local time in Bali.)