久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

IMF lowers global growth forecast for 2019 to 3%

Xinhua | Updated: 2019-10-16 08:04
Share
Share - WeChat
International Monetary Fund (IMF) chief economist Gita Gopinath speaks during a press conference in Washington DC, the United States, on Oct 15, 2019. [Photo/Xinhua]

WASHINGTON - The International Monetary Fund (IMF) on Tuesday lowered its global growth forecast for 2019 to 3 percent in the newly-released World Economic Outlook (WEO) report, down 0.2 percentage point from its estimation in July.

Noting that this is the slowest pace since the global financial crisis, IMF chief economist Gita Gopinath said during a press conference at the global lender's headquarters that "growth continues to be weakened by rising trade barriers and growing geopolitical tensions."

"Growth is also being weighed down by country-specific factors in several emerging market economies, and structural forces such as low productivity growth and aging demographics in advanced economies," Gopinath told reporters at the IMF headquarters.

Advanced economies continue to slow toward their long-term potential, with growth downgraded to 1.7 percent this year, compared to 2.3 percent in 2018, the report showed. Growth in emerging market and developing economies has also been revised down to 3.9 percent for 2019, compared to 4.5 percent last year.

The October WEO report also revised down global growth projection for 2020 to 3.4 percent, down 0.1 percentage point from the estimation in July. Previously, the July WEO report already lowered growth forecasts for 2019 and 2020, each down 0.1 percentage point from the estimation in April.

The IMF recently estimated that the US-China trade tensions will cumulatively reduce the level of global GDP by 0.8 percent by 2020, considering the proposed tariff hikes scheduled for Oct 15 and Dec 15. If these tariffs were never to happen, Gopinath said, that would bring down the estimated negative impact on global GDP from 0.8 percent to 0.6 percent.

"We welcome any steps to de-escalate tensions and to roll back recent trade measures, particularly if they can provide a path towards a comprehensive and lasting deal," she said.

Aside from trade tensions, Gopinath also highlighted geopolitical tensions as another downside risk to global growth, warning that Brexit-related risks could further disrupt economic activity, and derail an already fragile recovery in emerging market economies and the euro area.

"To rejuvenate growth, policymakers must undo the trade barriers put in place with durable agreements, rein in geopolitical tensions, and reduce domestic policy uncertainty," she said.

In IMF's assessment, in the absence of monetary stimulus, global growth would be lower by 0.5 percentage points in both 2019 and 2020. The IMF chief economist, however, noted that monetary policy cannot be the only game in town. "It should be coupled with fiscal support where fiscal space is available, and policy is not already too expansionary," she said.

While monetary easing has supported growth, she said, "it is essential that effective macroprudential regulation be deployed today to prevent mispricing of risk and excessive buildup of financial vulnerabilities."

Gopinath said the global outlook "remains precarious" with a synchronized slowdown and uncertain recovery. "At 3 percent growth, there is no room for policy mistakes and an urgent need for policymakers to support growth," she said.

"The global trading system needs to be improved, not abandoned," she stressed. "Countries need to work together because multilateralism remains the only solution to tackling major issues, such as risks from climate change, cybersecurity risks, tax avoidance and tax evasion, and the opportunities and challenges of emerging financial technologies," she said.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲国产精品免费观看 | 一级国产在线观看高清 | 成人爱做日本视频免费 | 在线精品视频在线观看高清 | 国产一区亚洲二区三区 | 9191精品国产费久久 | 亚洲 欧美 都市 自拍 在线 | 亚洲在线看片 | 91精品久久久久久久久网影视 | 欧洲色老头 | 国产亚洲精品国产一区 | 国产精品日本不卡一区二区 | 久久爽久久爽久久免费观看 | 亚洲天堂久久久 | 国产一区二区中文字幕 | 2020国产成人免费视频 | 久久综合九九亚洲一区 | 国产午夜精品理论片久久影视 | 视频在线一区 | 日本一区二区三区四区公司 | 免费永久观看美女视频网站网址 | 97久久曰曰久久久 | 一级特色大黄美女播放网站 | 日日噜噜噜夜夜爽爽狠狠69 | 三级理论手机在线观看视频 | 男人干女人逼 | 一区二区国产在线观看 | 亚洲毛片在线 | 日本精品1在线区 | 毛片在线高清免费观看 | 精品无码一区在线观看 | 精品视频在线免费看 | 亚洲视频一区二区三区 | 国产精品美女一级在线观看 | 国产伦精一区二区三区 | 在线免费观看国产 | 在线观看一区 | 欧美性精品 | 综合久久影院 | 日韩在线不卡一区在线观看 | 国产色视频一区二区三区 |