IMF sees 2019 global growth at slowest pace since crisis

Oct. 15, 2019 10:51 AM ETiShares MSCI Emerging Markets ETF (EEM), VWO, IEMG, EDC, SCHE, EDZ, EMF, SPEMEEM, VWO, EMF, SPEM, EDC, EDZ, SCHE, IEMGBy: Liz Kiesche, SA News Editor
  • The International Monetary Fund forecasts 2019 global growth at 3.0%, its lowest level since 2008-'09 and down 0.3 percentage point from its outlook in April.
  • Sees growth picking up to 3.4% in 2020, on projected improvement in a number of emerging markets in Latin America, the Middle East, and emerging and developing Europe; still, it's a 0.2 pp cut from its forecast in April.
  • The IMF admits fortunes could change.
  • "With uncertainty about prospects for several of these countries, a projected slowdown in China and the United States, and prominent downside risks, a much more subdued pace of global activity could well materialize," the IMF said.
  • The organization recommends countries adopt policies that aim to defuse trade tensions, reinvigorate multilateral cooperation, and provide timely support to economic activity where needed.
  • Policymakers should also address financial vulnerabilities that pose risks to growth in the medium term, it said.
  • Emerging market ETFs: EEM, VWO, IEMG, EDC, SCHE, EDZ, EMF, SPEM

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