IMF FORECASTS DIP IN GLOBAL GROWTH IN 2019
10, Apr 2019
Prelims level : Indian economy
Mains level : GS-III (Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment)
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