The International Monetary Fund expects China and India — the world’s most populous countries — to play a bigger role driving the global economy, as it downgrades growth forecasts due to an escalating trade war.
The IMF cut its global projection for this year to 2.8% in the updated World Economic Outlook released Tuesday, down from the 3.3% it was expecting in January. The Fund’s team had to rapidly revise country forecasts due to high levels of uncertainty, after US President Donald Trump announced sweeping worldwide tariffs and then dialed some of them back, at least temporarily.
Compared to the ...
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