International Monetary Fund (IMF) chief economist Gita Gopinath (2nd L) attends a press conference in Washington D.C., the United States, Oct. 15, 2019. Global economic growth rate hits a decade low The International Monetary Fund (IMF) released its World Economic Outlook report in mid-October, saying that "rising trade and geopolitical tensions have increased uncertainty about the future of the global trading system and international cooperation more generally, taking a toll on business confidence, investment decisions, and global trade." The IMF lowered its global economic growth forecast for 2019 to 3 percent, which means that the global economic growth rate this year will reach its lowest level since the 2008 international financial crisis. However, IMF Managing Director Kristalina Georgieva said China's growth rate is still within the target range. (Xinhua/Liu Jie)
Global economic growth rate hits a decade low
The International Monetary Fund (IMF) released its World Economic Outlook report in mid-October, saying that "rising trade and geopolitical tensions have increased uncertainty about the future of the global trading system and international cooperation more generally, taking a toll on business confidence, investment decisions, and global trade."
The IMF lowered its global economic growth forecast for 2019 to 3 percent, which means that the global economic growth rate this year will reach its lowest level since the 2008 international financial crisis. However, IMF Managing Director Kristalina Georgieva said China's growth rate is still within the target range.
