WASHINGTON (Pakistan Point News / Sputnik - 09th October, 2018) The International Monetary Fund projects that global growth will remain steady over 2018-19 at last year's rate of 3.7 percent, 0.2 percentage point below the April predictions, according to its latest World Economic Outlook (WEO) report.
"...our international growth projections for both this year and next are downgraded to 3.7 percent, 0.2 percentage point below our last assessments and the same rate achieved in 2017," the report says.
"At the global level, recent data show weakening in trade, manufacturing, and investment. Overall, world economic growth is still solid compared with earlier this decade, but it appears to have plateaued," the October WEO stresses.
The April 2018 WEO projected global growth to rise to 3.9 percent in both 2018 and 2019.
