IMF cuts global growth forecasts amid rising risks

Davos, Switzerland, Jan 21: The US-China trade confrontation, Brexit and other global uncertainty are threatening to drag down growth even further, the International Monetary Fund warned Monday.

In an update to its global economic forecasts, even more pessimistic than those released just three months ago, the IMF stressed that the risks dominate the outlook.

The World Economic Outlook cut the global GDP forecast for this year to 3.5 percent from the 3.7 percent projected in October. And for 2020 the estimate was trimmed to 3.6 percent.

(AFP/APP)