IMF FORECASTS DIP IN GLOBAL GROWTH IN 2019

Prelims level : Indian economy Mains level : GS-III (Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment)
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Why in News:

  • The International Monetary Fund (IMF) has projected that global growth will be down in 2019 compared to 2018, IMF Chief Economist Gita Gopinath told the press at the release of the World Economic Outlook 2019 report

Causes:

  • U.S China trade tensions, Macroeconomic stress in Turkey and Argentina
  • Tighter credit policies in China, Financial tightening plus a normalisation of monetary policy in advanced economies, Brexit uncertainties

IMF:

  • The International Monetary Fund or the IMF is a global organization with its headquarters at Washington, D.C.
  • It    is     to    promote    international    monetary    cooperation,    enable international    trade,    achieve   financial    stability,   stimulate         high
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