March 5, 2021

The IMF downgrades the world growth forecast but maintains that of Spain at 2.2% for 2019 and 1.9% in 2020

The IMF downgrades the world growth forecast but maintains that of Spain at 2.2% for 2019 and 1.9% in 2020


The International Monetary Fund (IMF) today downgraded global growth forecasts to 3.5% in 2019 and to 3.6% in 2020, two tenths and one tenth less than last October, respectively, highlighting the slowdown in the German economy, the important one contraction of Turkey and the moderation of Latin America.

"The global expansion has weakened," says the "Global Economic Perspectives" report, presented by Managing Director Christine Lagarde IMF, in the framework of the World Economic Forum that takes place in Davos (Switzerland).

As for Spain, it maintained the growth outlook for our economy unchanged at 2.2% for 2019 and 1.9% for 2020, in a context of "marked" slowdown in the euro zone, for which it foresees a growth of 1.6% this year, three tenths less than expected in October.

Germany sees its estimates cut by six tenths, to 1.3% this year; Italy will grow four tenths less than anticipated three months ago, to 0.6%, and France, one tenth less, to 1.5%, says the report of "Global Economic Perspectives", presented this Monday by the managing director Christine Lagarde del IMF, in the framework of the World Economic Forum that takes place in Davos (Switzerland).

.



Source link