Nick Kounis, head of financial markets research at ABN AMRO, notes that the IMF has revised its global growth estimates lower and noted that ‘the global economy is in a synchronized slowdown, with growth for 2019 downgraded again – to 3 percent – its slowest pace since the global financial crisis’. Key Quotes “It explained the weakness as being related to ‘rising trade barriers; elevated uncertainty surrounding trade and geopolitics; idiosyncratic factors causing macroeconomic strain in several emerging market economies; and structural factors, such as low productivity growth and ageing demographics in advanced economies’.” “Despite the downgrades, the IMF continues to expect a modest improvement in global growth next year – to 3.4% – though it does admit that the recovery is ‘precarious’ and that risks are skewed to the downside.” “Our own forecasts are 0.8% for this year and 0.6% for next. For the US, the IMF expects 2.4% in 2019 and 2.1% in 2020, while we expect economic growth to slow from 2.2% this year to 1.3% next.” 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 Canada: CPI likely to edge higher to 2.0% YoY in September – TDS FX Street 4 years Nick Kounis, head of financial markets research at ABN AMRO, notes that the IMF has revised its global growth estimates lower and noted that 'the global economy is in a synchronized slowdown, with growth for 2019 downgraded again - to 3 percent - its slowest pace since the global financial crisis'. Key Quotes "It explained the weakness as being related to 'rising trade barriers; elevated uncertainty surrounding trade and geopolitics; idiosyncratic factors causing macroeconomic strain in several emerging market economies; and structural factors, such as low productivity growth and ageing demographics in advanced economies'." "Despite the downgrades, the IMF continues… 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.
