Economic outlook clouded but IMF forecasts may be wide of the mark

Original article by Glenda Korporaal
The Australian – Page: 25 : 10-Oct-18

The International Monetary Fund’s chief economist Maurice Obstfeld has conceded that rising trade tensions means its previous forecast for global economic growth may have been "over optimistic". The IMF has cut its growth forecast from 3.9 per cent to 3.7 per cent, but the ANZ Bank’s chief economist Richard Yetsenga anticipates global growth of nearly four per cent. ANZ also expects China’s economy to grow at a slightly higher pace in 2019 than the IMF has forecast.

CORPORATES
INTERNATIONAL MONETARY FUND, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, UNITED STATES. FEDERAL RESERVE BOARD, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

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