‘Downside Risks Have Intensified’: IMF Delivers Traditional Quarterly Gloom And Doom Report

It's time for the IMF to update their global growth outlook. In the current environment, that's the same thing as saying it's time for the Fund to slash their forecasts again. Now, the IMF sees the global economy expanding 3.2% in 2019, down from 3.3% in April and 3.5% in January. The outlook for 2020 was cut to 3.5% from 3.6% three months ago. This is the fourth time the Fund has slashed its outlook in the space of nine months. If you're wondering whether trade frictions are to blame, the