HONG KONG/SINGAPORE: The International Monetary Fund predicted the world economy will strengthen in 2020, albeit at a slightly slower pace than previously anticipated amid threats related to trade and tensions in the Middle East.
Global growth will accelerate to 3.3% from 2.9% in 2019, marking the first pickup in three years, the fund said Monday. Both figures are down compared with forecasts in October, and it marks the IMF’s sixth straight reduction for 2019.
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