U.S.-China trade war may reduce global growth rate

According to Fitch Ratings,the ongoing U.S.-China trade war escalation could reduce the World GDP growth by 0.4% points till 2020 and possibly lead to the lowest growth since 2009. Trade war is a situation where countries restrict each other’s trade by imposing tariffs or quotas on imports.The United States and China are discussing a trade… Continue reading U.S.-China trade war may reduce global growth rate

Global growth to slow in 2019, says World Bank

The World Bank has released its Global Economic Prospects report, 2019.The report has forecasted that the World economy will expand 2.6% in 2019 compared with a projection of 2.9% it made in January, 2019. The growth was downgraded due to (a)trade conflicts (b)financial strains (c)unexpectedly sharp slowdowns in wealthier countries and (d)build-up of government debt.… Continue reading Global growth to slow in 2019, says World Bank

IMF forecasts dip in global growth in 2019

The International Monetary Fund (IMF) in its World Economic Outlook(WEO) report has said that India is projected to grow at 7.3% in 2019 and 7.5% in 2020.The growth will be supported by the continued recovery of investment and robust consumption,thus remaining the fastest growing major economy of the world. IMF expects inflation to remain below… Continue reading IMF forecasts dip in global growth in 2019