THE International Monetary Fund expects China and India – the world’s most populous countries – to play a bigger role driving the global economy, as it downgrades growth forecasts due to an escalating trade war, reports Bloomberg. The IMF cut its global projection for this year to 2.8 per cent in the updated World Economic Outlook, down from the 3.3 per cent it was expecting in January. The Fund’s team had to rapidly revise country forecasts due to high levels of uncertainty, after US President...
https://www.seanews.com.tr/imf-sees-china-india-as-major-sources-of-growth/203212/