April 10, 2019 | Investopaper
International Monetary Fund (IMF) has forecasted a 3.3 percent global expansion in 2019. Similarly, the estimated growth rate for 2020 is 3.6 percent. There has been a drop in the expected growth rate for 2019 which was previously set at 3.9 percent.
The economic slowdown has been observed due to the trade tensions between the US and China although both the countries are looking to settle the differences and come into an agreement.
The economic growth is expected to accelerate in 2020 and further strengthen in the coming years. Two of Asia’s largest economies China and India are expected to improve the economic growth rate.
Previously, IMF had made a forecast of 3.9 percent economic growth for the fiscal year but the scenario was completely different at that time.