The International Monetary Fund predicted the world economy will strengthen in 2020, albeit at a slightly weaker pace than previously anticipated amid threats related to trade and tensions in the Middle East.
India’s government should avoid a fiscal stimulus to spur the economy, and focus instead on cutting public debt so that financial resources can be freed up for investment, the International Monetary Fund said.
Record commodity prices and low global interest rates have encouraged African countries to borrow like they did in the 1990s, but now some are struggling to pay up as their revenue slows along with economic growth.
The International Monetary Fund cut its 2019 economic growth forecast for Japan for a third time this year amid heightened risks from the global slowdown and called on the government not to tighten its spending stance for now.
The International Monetary Fund (IMF) has warned that the persisting tariff war between the United States and China can lower the level of global Gross Domestic Product (GDP) by 0.8 percent next year and trigger additional losses in future years.