Global economic growth is slowing, according to the International Monetary Fund,...
LONDON - Global economic growth is slowing, according to the International Monetary Fund, policymakers and hundreds of economists polled by Reuters - but that downturn is coming at a time when central banks’ arsenals are running on empty.
Major central banks have reined in their forecasts, and in recent months economists in Reuters polls have repeatedly trimmed their expectations for the countries they cover. Trade conflict with the United States and sluggish demand means China’s economic growth is expected to slow to a near 30-year low of 6.2 percent this year, a Reuters poll showed on Friday.
British Prime Minister Theresa May has so far failed to build support in the UK parliament for the withdrawal terms she agreed with the EU last year, but she now has until Oct 31 to do that or find an alternative course. But as inflation has never really picked up, many of them have yet to change tack and start tightening.
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