IMF forecast: Global growth will weaken this year to 3.3%

By PAUL WISEMAN and MARTIN CRUTSINGERFeaturesAssociated Press

The International Monetary Fund is downgrading its outlook for growth in the United States, Europe, Japan and the overall global economy and points to heightened trade tensions as a key reason.

The IMF expects the world economy to grow 3.3% this year, down from 3.6% in 2018. That would match 2016 for the weakest year since 2009. In its previous forecast in January, the IMF had predicted that international growth would reach 3.5% this year.

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For the United States, IMF economists downgraded their growth forecast for this year to 2.3% from 2.9% in 2018.

The IMF's World Economic Outlook comes on the eve of meetings in Washington this week of the fund and its sister lending organization, the World Bank.