The International Monetary Fund (IMF) has released its forecast of anticipated world economy performance statistics, with growth projected through the year 2020.
July 16th, the IMF published its ‘World Economic Outlook,’ revealing expected, continued growth for all of the world’s economies.
Overall, IMF’s indicators project world economic growth increasing almost 4% for both 2018 & 2019, with the economy of the 19 euro-countries, along with German, France and Japanese economies slowing somewhat from IMF’s April, 2018 forecast but still all seeing economic growth.
The ‘World Economic Outlook’ predicts China will enjoy almost a 7% increase within its economy; and America’s economy is expected to expand by almost 3% for the remainder of 2018.
DUTIES & TARIFFS
IMF positions that the increased customs duties imposed & implemented by both super-powers are not expected to impact on the economies of the two nations.
The IMF does warn that large, worldwide tariffs and trade penalties may suffer the world economy growth index to fall, predicting that if the U.S. and other countries seriously increase tariffs; world economic growth could conceivably fall by as much as half a percentage point by the year 2020.
© NTB scanpix / #Norway Today