Original article by David Uren, Joe Kelly
The Australian – Page: 1 & 2 : 22-Jan-19
The International Monetary Fund has downgraded its forecast for global economic growth in 2019 from 3.7 per cent to 3.5 per cent. Chief economist Gita Gopinath says global economic growth is slowing at a faster pace than had been expected, warning that there is a heightened risk of a more significant downgrade in the IMF’s growth forecasts. The downgrade has coincided with the release of data showing that economic growth in China fell from 6.8 per cent to 6.6 per cent in 2018, its lowest level in almost three decades.
INTERNATIONAL MONETARY FUND, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, BUSINESS COUNCIL OF AUSTRALIA, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, CHINA. NATIONAL BUREAU OF STATISTICS