IMF trims global growth estimates 2020-21 but sees improving outlook

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 17%
  • Publisher: 66%

DAVOS, Switzerland: Easing US-China trade tensions have lessened uncertainty and the world economy may have hit bottom but a sharp slowdown in ...

Singapore Headlines News

Singapore Latest News, Singapore Headlines

DAVOS, Switzerland: Easing US-China trade tensions have lessened uncertainty and the world economy may have hit bottom but a sharp slowdown in India is creating a drag worldwide, the International Monetary Fund said on Monday (Jan 20).

"We are already seeing some tentative signs of stabilization but we have not reached a turning point yet," she cautioned. It said the world's 2,153 billionaires now have more money than the planet's 4.6 billion poorest people. Since 2018, Washington and Beijing have exchanged tit-for-tat tariffs on hundreds of billions of dollars in two-way trade.In its previous analysis, the IMF estimated that trade conflicts and tariffs cut 0.8 percentage points off of global growth.

However, the IMF once again slashed expected GDP growth in India, by 1.2 percentage points this year and 0.9 point in 2021 compared to the October forecasts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here’s The Salary You Need To Earn To Afford These Homes In Singapore [2020 Edition]Are you living in a home above your means? The post Here’s The Salary You Need To Earn To Afford These Homes In Singapore [2020 Edition] appeared first on DollarsAndSense.sg.
Source: YahooSG - 🏆 3. / 71 Read more »

SAG Awards 2020: ‘Parasite’ Makes History; ‘The Crown,’ ‘Mrs. Maisel’ Earn Top TV HonorsNeon's 'Parasite' won best motion picture cast at the 26th Screen Actors Guild Awards on Sunday, becoming the first foreign language film to pick up the top prize. Netflix's 'The Crown' was named best TV drama and Amazon's “The Marvelous Mrs. Maisel' earned the prize
Source: YahooSG - 🏆 3. / 71 Read more »

Cycling: Thomas targets Tour and Tokyo Olympics in 2020PARIS: Geraint Thomas has revealed twin aims for the 2020 season with a tilt at a second Tour de France title and glory on the slopes of Mount ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

SAG Awards 2020: See what the stars woreHollywood A-listers like Millie Bobby Brown, Joaquin Phoenix, Jennifer Aniston, Reese Witherspoon and Lupita Nyong'o made a splash on the red carpet.
Source: YahooSG - 🏆 3. / 71 Read more »

Stuff to Watch This Week (Jan 20-26, 2020)
Source: TODAYonline - 🏆 1. / 99 Read more »

No turning point in sight as IMF predicts sluggish global growthGlobal growth appears to have bottomed out but there is no rebound in sight and risks ranging from trade tensions to climate shocks makes the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »