‘Delicate moment’: IMF’s Gita Gopinath warns of weaker global growth
The International Monetary Fund has lowered its growth predictions for the global economy in 2019, with its Chief Economist stating that the world economy is facing a ‘delicate moment’. Gita Gopinath said that for 70% of the global economy, the IMF has projected weaker growth in 2019 as compared to 2018. She cited trade tensions, especially between United States of America and China, which could escalate and derail global growth. IMF has also lowered growth projections of the Indian economy by 20 basis points to 7.3% in 2019-20.