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IMF head warns global economy experiencing slowdown amid trade tensions

The new head of the International Monetary Fund (IMF) on Tuesday said the global economy is experiencing a synchronized slowdown that would worsen if governments failed to resolve trade conflicts and support growth.
 
In a blunt inaugural speech since taking the helm of the global crisis lender on October 1, IMF Managing Director Kristalina Georgieva said trade tensions had substantially weakened manufacturing and investment activity worldwide.
 
The cumulative effect of trade conflicts could mean a $700 billion reduction in global gross domestic product (GDP) output by 2020, or around 0.8%.


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