This is according to IMF forecasts at IMF headquarters in Washington on Tuesday. International Monetary Fund (IMF) chief Christine Lagarde says that trade barriers are starting to hurt not just trade, but also investment and manufacturing "as uncertainty continues to rise".
The IMF chief said that in other advanced economies, including those in the Euro Zone and, to a lesser degree, Japan, "there are signs of slowing". IMF also calls on countries to tackle disagreements and reform global trade rules. The IMF in July projected world economic growth of 3.9 per cent for 2018 and 2019, although Lagarde said that the next forecast would be "less bright".
