IMF Cuts World Economic Growth Forecasts – Stock Indices Under Pressure!
As per the IMF, most of the U.S.-China tariff war's impact is likely to be felt next year. Thus, the IMF cut its 2019 U.S. growth forecast..
As per recent news, the International Monetary Fund has cut its global economic growth forecasts for 2018 and 2019, stating that the US-China trade war continued taking a toll and emerging markets were grappling with tighter liquidity and capital outflows.
As per the IMF, most of the US-China tariff war’s impact is likely to be felt next year. Thus, the IMF cut its 2019 US growth forecast to 2.5% from 2.7% previously. On the other hand, China’s 2019 growth forecast is also down to 6.2% from 6.4%.
Thing is, a country’s growth is represented by the corporate sector and a slowdown in forecast draws a bearish sentiment for the corporate sector. As a result, investors are moving their investments into the dollar and selling the stock market indices!
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