The International Monetary Fund downgraded its growth projection for 2019 amidst a Sino-American trade war and the increasing likelihood of a no-deal Brexit.
The Washington-based institution now projects 3,2% global growth rather than 3,3% projected in April and 3,6% projected in January. The downgrade is mostly justified by declining investment, as business confidence is collapsing and the market is risk-averse. Consumer confidence is also affected.
In May 2019 China and the US were embroiled...
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