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IMF and WB, restless before the first effects of the commercial war (La Tercera - Pulso)

October 7, 2018

Note: Translated from Spanish using Google Translate.

By La Tercera - Pulso 

From the article:

The growing concern over the escalation of trade tensions and its negative effects on the global economy will center much of the annual meeting of the International Monetary Fund (IMF) and the World Bank, which will be held this week in Bali (Indonesia).

At the meeting, the Fund will present its new and expected global growth forecasts, which stood at a rate of 3.9% in 2018 and 2019 in July, and that its managing director, Christine Lagarde, already announced a few days ago that will be " less bright. "

The concern has grown as US President Donald Trump has shifted from words to action and imposed multimillion dollar tariffs on imports from China, to which Beijing has responded by levying US products.

"After the aura of optimism of 2017, when global growth seemed widespread, now there is a tendency towards pessimism in the face of the divergence that is beginning to be seen in global activity," Liliana Rojas, Center for Global Development researcher, told Efe. Suarez

Read the full article here.

 

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Photo of Liliana Rojas-Suarez
Senior Fellow and Director of the Latin America Initiative