New International Monetary Fund Managing Director Kristalina Georgieva issued a ...
FILE PHOTO: International Monetary Fund Managing Director Kristalina Georgieva arrives for her first day in her new post at IMF headquarters in Washington, U.S. October 1, 2019. REUTERS/Jonathan Ernst
In her inaugural speech after taking over the global crisis lender on Oct. 1, Georgieva unveiled new IMF research showing that the cumulative effect of trade conflicts could mean a $700 billion reduction in global GDP output by 2020, or around 0.8%. “In 2019, we expect slower growth in nearly 90 percent of the world. The global economy is now in a synchronized slowdown. This means that growth this year will fall to its lowest rate since the beginning of the decade,” Georgieva said.
She warned that fractures in trade could lead to changes that last a generation, including “broken supply chains, siloed trade sectors, a ‘digital Berlin Wall’ that forces countries to choose between technology systems.’”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Business economists foresee slowdown in US growthThe nation's business economists think Pres. Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year.
Weiterlesen »
ONE Veteran Bob Pilon Joins Meek Mill's REFORM Alliance as PresidentBob Pilon is the new president and chief growth officer of REFORM Alliance, the criminal justice reform organization founded by Meek Mill earlier this year.
Weiterlesen »
Stocks finish lower after a choppy dayThe stock market is coming off a three-week skid during which data stoked investors' worries that a slowdown in U.S. economic growth could worsen.
Weiterlesen »
Former Viceland International Chief James Rosenstock To Run WWE’s Global BusinessFormer Viceland International chief James Rosenstock is swapping hipsters for Hulk Hogan after becoming Executive Vice President, International for WWE. Rosenstock will be responsible for the manag…
Weiterlesen »
Energy just fell 4% in a week—here's the biggest area of weakness, according to one strategistEnergy stocks lost steam as mounting worries around trade and slowing global growth put pressure on the sector. Some experts expect further declines.
Weiterlesen »
Economists expect slowing growth as a result of Trump's trade policies'The rise in protectionism, pervasive trade policy uncertainty, and slower global growth are considered key downside risks to U.S. economic activity.'
Weiterlesen »