Source: Paul Wiseman, The Associated Press, July 16, 2018
WASHINGTON — The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 per cent this year despite worries about rising trade tensions and higher oil prices. But the lending agency is downgrading the outlook for Europe and Japan.
The IMF now predicts that the economy of the 19-country eurozone will grow 2.2 per cent in 2018, down from the 2.4 per cent it forecast in April. The fund expects the Japanese economy to expand 1 per cent this year, downgrading its 1.2 per cent April forecast.
Image Source: AP Photo/Cliff Owen
