IMF cuts global economic-growth forecast for third time in six months
For the third time in six months, the International Monetary Fund has cut its global economic forecast. The IMF now sees global growth of 3.3% this year -- down two-tenths from January, and four-tenths from October -- followed by 3.6% growth in 2019. The IMF cut its U.S. growth estimate for 2019 by two-tenths to 2.3%, its euro area forecast by three-tenths to 1.3% and its Canadian forecast by four-tenths to 1.5%, among other changes.
See Full Story China investment, markets recovery should boost global economy later in the year, IMF says The International Monetary Fund on Tuesday cut its global growth forecast for the third time in six months, but the group does expect a pickup in activity toward the end of the year. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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