Economics
Trade War Imperils World Growth as IMF Sees ‘Complacent’ Markets
- Investors seem broadly complacent to economic risks: Obstfeld
- Ratcheting up of trade tensions biggest near-term risk: fund
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Escalating trade tensions are threatening to derail a global upswing that’s already losing momentum amid weaker-than-expected growth in Europe and Japan as financial markets seem complacent to the mounting risks, the International Monetary Fund warned.
The IMF kept its global forecast unchanged Monday in the latest update to its Global Economic Outlook. The world economy will grow 3.9 percent this year and next, said the Washington-based fund. The pace this year would be the fastest since 2011.