The IMF worsened global growth forecast for 2019 to 3.3%


The estimate by the International Monetary Fund for the growth of the world economy in 2019 was lowered from 3.5% to 3.3%. As stated in the review of the fund in April, the world economy in 2020 will accelerate growth to 3.6%. According to IMF estimates, the GDP of countries with emerging markets in 2019 will increase by 4.4%, and the rise of developing countries will be at the level of 4.8%. In both cases, the forecast is lowered by 0.1 percentage points. The fund's experts also worsened the growth forecast for the Indian economy from 7.5% to 7.3% in 2019 and from 7.7% to 7.5% in 2020. It is expected that China’s GDP this year will show stronger growth than previously predicted. The rise will be at 6.3%. The IMF also worsened the growth assessment of developed countries in the current year by 0.2 percentage points to 1.8%. Next year, growth is expected to slow to 1.7%. The growth estimate for the United States is reduced for 2019 from 2.5% to 2.3%. Next year, a rise of 1.9% is predicted, which is better than the previous growth estimate of 1.8%. For the eurozone, the economic growth forecast is worsened for this year from 1.6% to 1.3%, for 2020 - from 1.7% to 1.5%.

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