David Lipton, Acting Managing Director of the International Monetary Fund (IMF), was on the wires last minutes, noting that “we will still see the global economy as sluggish”.
Additional Comments:
- Sluggish growth raises concern that a response is needed.
- China’s growth to slow gradually and more if trade dispute worsens.
- US economy has low jobless rate but no inflation pickup.
- All of Europe’s policy levers need to be ready for use.
- IMF baseline scenario is not for the world economy to stall or fall into a recession.
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