Ahead of the World Economic Forum meeting which starts in Davos today, the IMF and UN published their economic forecasts. Global growth for 2019 was trimmed from 3.7 per cent in the IMF’s October’s report to 3.5 per cent, blamed on weaker growth in China, Argentina and Turkey, among others, and worries over international trade. Christine Lagarde, chair of the IMF said, ‘’the bottom line is that after two years of strong expansion, the world economy is growing more slowly than expected and risks are rising’’. I’m not sure I see things her way.
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