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IMF Downgrades Global Growth Forecasts
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The International Monetary Fund reduced its forecast for global growth for 2018 and 2019 during its October World Economic Outlook report. Having previously forecast global growth of 3.9% for both years, the IMF has now revised this down to 3.7% for both 2018 and 2019. Factors including the effect of the US-China trade tariffs imposed on imports plus weakening economic performance by the Eurozone, Britain and Japan were cited as significant reasons behind the growth downgrade. 


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