Economics
Global Economy May Be Slowing More Than Expected, Lagarde Says
- Recent data suggest greater slowdown than thought last month
- IMF chief urges countries to roll back recent import tariffs
Photographer: Justin Chin/Bloomberg
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Global economic growth may be slowing more than forecast only a month ago, underscoring the urgency for countries to pull back from a damaging trade war, the International Monetary Fund warned.
The IMF downgraded its forecast for world growth last month, and recent data suggest the outlook has gotten worse since then, the fund said Wednesday in report ahead of the Group of 20 leaders’ summit this week in Buenos Aires.