By AhadNA4 14/09/2019 01:25
Al-Ahd News- Continue
Trade tensions are affecting growth around the world but the IMF is “far from” expecting a global recession, an IMF official said on Friday.
The official spoke as the IMF prepares to issue new economic forecasts next month.
The IMF said on Thursday that tariffs imposed or threatened by the United States and China could cut 0.8 percent of global economic output in 2020 and trigger losses in the coming years.
“Trade tensions are affecting growth,” said the official, who is familiar with the forecasting process.
“While manufacturing activity is weak, we also see resilience in the service sector and consumer confidence is holding. The question is how long that flexibility can last,” said the official, who is not authorized to speak publicly.
The IMF issues economic forecasts twice a year to coincide with its spring and autumn meetings, including global GDP forecasts for the current and next year. is over/ 6