The International Monetary Fund (IMF) expects 70% of the global economy to experience a slowdown over 2019, Christine Lagarde, the IMF managing director, said on Tuesday over her speech at the American Chamber of Commerce, before the IMF’s Spring Meetings next week.
“But, to be clear, we do not see a recession in the near term. In fact, we expect some pickup in growth in the second half (H2) of 2019 and into 2020,” she mentioned.
Lagarde noted that the IMF projected global growth for 2019 and 2020 at about 3.5% in January which is less than the achieved in the recent …read more
Source: Daily News Egypt
