Tuesday, October 9, 2018

The IMF has cut world economic growth by a small margin.

https://sg.news.yahoo.com/imf-cuts-world-economic-growth-forecasts-import-tariffs-031129747--business.html

Well, this IMF cut is a non-event because it's a small margin cut.  However, the real impact of the US-China tariffs will be felt next year and this is the most significant message out of the IMF announcement.

Everyone has to tighten the belt next year!
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2 comments:

  1. Eric HoOctober 9, 2018 at 6:44 PM

    The IMF has cut the US economic growth in 2019 by 13.79% from 2.9% to 2.5% while the China economic growth is slashed by 6.06% from 6.6% to 6.2% because of the tariffs.

    This shows that the US suffers more than China as the cut is more than double of China's.

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  2. Eric HoOctober 9, 2018 at 6:51 PM

    https://www.channelnewsasia.com/news/business/imf-lowers-china-2019-growth-forecast--citing-trade-war-10806084

    AFP news doesn't highlight the cut in US economic growth but instead focuses on China's cut which is less than double of USA's.

    ReplyDelete