IMF chief Christine Lagarde: "The International Monetary Fund (IMF) sees severe downside risks for the global economy arising from trade tensions, debt accumulation and uncertain financial conditions."
PETALING JAYA: The International Monetary Fund (IMF) sees severe downside risks for the global economy arising from trade tensions, debt accumulation and uncertain financial conditions.
It estimates that increased US-China tariffs, taking into account recent actions and announcements as well as those implemented last year, could reduce the level of global GDP by 0.5% in 2020 or about US$455bil.
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