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The IMF Paints a Less Robust Economic Picture for 2019

Apr 9, 2019 | 21:04 GMT
Emissions scandals and tariff worries have pulled down expectations for the German auto sector.

The plant of German automaker Volkswagen in Wolfsburg, central Germany, is pictured on April 13, 2018, one day after the company announced a wider management shakeup.

(ODD ANDERSEN/AFP/Getty Images)

As Stratfor laid out in its annual and second-quarter forecasts, while the global economy is cooling, it is not necessarily heading toward recession. In its latest World Economic Outlook released April 9, the International Monetary Fund (IMF) downgraded its estimates of expected annual growth for most countries in 2019. The IMF now expects the global economy to grow by 3.2 percent, down 0.3 percentage points from its January estimate. The change in expectations was driven by slowing economies in the developed world. In the end, there are three main takeaways....

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