KUALA LUMPUR: A report by the International Monetary Fund last year (IMF World Economic Outlook, Oct 9) stated that global growth for 2018-19 has been revised down to 3.7% – 0.2% lower than the projection in April.
This was due to the emergence of “downside risks” as opposed to “upside surprises” such as the restrained activity in early 2018 in certain major advanced economies and negative effects of the trade war.
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