Global growth is slowing and the strength of the recovery is uncertain
In its latest World Economic Outlook (WEO), the International Monetary Fund (IMF) forecasts a synchronized slowing in the growth rate of global economic activity (GDP) to 3.0% in 2019 from 3.6% in 2018. Indeed, the IMF has been steadily revising down its estimates and forecasts for global GDP growth over the past year (see chart).
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