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Higher tariffs could harm market sentiment, disrupt supply chains: IMF

The IMF, in its latest World Economic Outlook, kept its global growth forecasts for both 2018 and 2019 unchanged at 3.9 per cent

Reuters  |  Washington 

The International Monetary Fund warned on Tuesday that rising US-China trade restrictions threaten to damage a steady global growth picture, but there was still time for the world's two largest economies to step back from the brink. The IMF, in its latest World Economic Outlook, kept its global growth forecasts for both 2018 and 2019 unchanged at 3.9 per cent after upgrades in January that were partly based on expectations of stronger US spending spurred by tax cuts. But IMF chief economist Maurice Obstfeld said those effects will fade quickly, causing growth to slow in ...

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First Published: Tue, April 17 2018. 21:58 IST
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