The International Monetary Fund (IMF) has cut its outlook for China, courtesy of escalating trade tensions. The world’s second-largest economy is China is projected to grow 6.2 percent next year, down 0.2 points from the previous forecast. Meanwhile, the fund has retained its growth projections for India in 2018 but marginally reduced it for 2019. Key points (Source: Bloomberg) The fund has downgraded the world outlook for the first time since July 2016 The fund downgraded its forecast for U.S. growth next year to 2.5 percent, down 0.2 percentage point from July. India’s growth is expected to increase to 7.3% in 2018 and 7.4% in 2019. The euro area will expand 2 percent this year, down 0.2 points from July. The fund upgraded its forecast for Japan slightly to 1.1 percent growth this year, up 0.1 points from July. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Observers skeptical as US Pompeo hails North Korea progress – Reuters FX Street 4 years The International Monetary Fund (IMF) has cut its outlook for China, courtesy of escalating trade tensions. The world's second-largest economy is China is projected to grow 6.2 percent next year, down 0.2 points from the previous forecast. Meanwhile, the fund has retained its growth projections for India in 2018 but marginally reduced it for 2019. Key points (Source: Bloomberg) The fund has downgraded the world outlook for the first time since July 2016 The fund downgraded its forecast for U.S. growth next year to 2.5 percent, down 0.2 percentage point from July. India's growth is expected to increase to 7.3%… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
