US-China trade war will cut global growth to slowest pace since financial crisis, IMF warns

3:13 pm, Tue October 15, 2019

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The International Monetary Fund (IMF) has warned that the U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis.

In its latest World Economic Outlook released Tuesday, the IMF said the outlook could darken considerably if trade tensions remain unresolved.

The IMF said its projections show 2019 GDP growth at 3.0%, down from 3.2% in a July forecast, largely due to increasing fallout from global trade friction.