IMF cuts forecast for 2019 growth in Canada, world

January 24, 2019

The International Monetary Fund has cut its forecast for world economic growth this year, citing heightened trade tensions and rising U.S. interest rates.

The IMF said Monday that it expects global growth this year of 3.5 per cent, down from 3.7 per cent in 2018 and from the 3.7 per cent it had forecast for 2019 back in October...

For Canada, the IMF's estimate for growth in 2019 was 1.9 per cent, down from a forecast in October for growth of 2.0 per cent.

The IMF's view is more positive than an assessment by the Bank of Canada issued Jan. 9. The central bank forecast growth of 1.7 per cent this year, down from its October prediction of 2.1 per cent...

This is excerpted from 21 January 2019 edition of the CBC News.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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