The IMF lowers its global forecast to 3% in 2019 due to a "sharp deterioration" of trade

• Growth: The IMF anticipates a sharp global slowdown and believes that the commercial war will cost 600,000 million in 2020

The International Monetary Fund (IMF) on Tuesday again lowered global growth forecasts to a "precarious" 3% this year and 3.4 in 2020, two and one tenth less, respectively, than expected in July, in between of a "sharp deterioration" in manufacturing activity and commerce.

"The global economy is in a synchronized slowdown and we are, again, revising downward growth for 2019 to 3%, its lowest rate since the global financial crisis," said Gita Gopinath, chief economist at the IMF, presenting the Global Economic Outlook report

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