Analysts at Danske Bank note that overnight, the IMF published its new assessment of the global economy, where it cut its estimate of world economic growth forecasts slightly for both 2018 and 2019.
Key Quotes
“The IMF now sees global growth at 3.7% in both years, down from 3.9% in April. The main reason is the recent tariff dispute between the US and China and other trade tensions globally. The IMF downgraded as a result in both China and the US. However, the institution also sees signs of slower growth in key emerging markets such as Latin America (Argentina, Brazil, and Mexico), emerging Europe (Turkey), south Asia (India), east Asia (Indonesia and Malaysia), the Middle East (Iran) and Africa (South Africa).”
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