Economy 09-10-2018

IMF: US-China trade tension impedes global growth

The International Monetary Fund (IMF) foresees a lower world economic growth for 2018 and 2019 hampered by economic tension between the US. and China.

In its report "World Economic Outlook" (WEO, for its acronym in English), the IMF has announced that it expects growth of global gross domestic product (GDP) of 3.7% in these two years, which represents a fall of 0.2 percentage points with respect to the estimate in July.

"In general, global economic growth remains solid compared to the beginning of this decade, but it seems to have stalled," said IMF chief economist Maurice Obstfeld, noting that the projected 3.7% growth is the same. reached in 2017.

The IMF, which has also shown its concern about the currency crises in some emerging countries, has revised its growth forecasts in emerging countries significantly and has predicted a reduction by 2019 in the growth of the United States and China, the main economies of the planet.

According to the Fund, the tariff dispute will negatively impact both countries and also the rest, especially in emerging economies in Asia, as well as in countries that it has considered vulnerable, such as Turkey, Argentina and Brazil.

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