- IMF chief Lagarde: Fund does not expect near-term recession
Market news
2 April 2019
IMF chief Lagarde: Fund does not expect near-term recession
- Global GDP growth has lost momentum since January forecast of 3.5% fro 2019 and 2020
- Expexts 70% of global economy will experience a slowdown this year
- Sees some pickup in growth in the second half of 2019 and into 2020 due to "more patient" stance at Fed, other central banks and Chinese stimulus
- Expected rebound in growth this year is "precarious" and vulnerable to trade risks, brexit and unease in financial markets
- Sharper-than-expected tightening of financial conditions is another risk
- Warns again that there will be no winners in a trade war between the U.S. and China
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