Forex Market News

Dollar has no room for Mistakes

Forex Market News: IMF warns that global growth outlook will worsen considerably if trade tensions remain unresolved.
Global economy is declining, there is a dispute among the Fed governors and even greater dispute among the ECB officials. The IMF has lowered its world economic outlook projections for 2019 GDP growth to 3%. In 2017, the global GDP rate was at 3.8%. According to the organization, the main reasons for a sharp backdrop are the economic difficulties caused by the U.S.-China tariffs that press down production and investments all over the world. Amid the current global economic outlook, there is no room for policy mistakes and an urgent need for resolving global trade tensions.The major negative factor for the global GDP growth is global trade growth that reached just 1% in the first half of 2019. The current IMF projections for global trade volume increase are much lower compared to the 2.5% expected in June. It expanded by 3.6% in 2018 and by 5.7% in 2017.

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