IMF sounded the alarm because of the risks to the global economy

The managing director of the International Monetary Fund, Christine Lagard, said that the risks associated with international trade disputes, which the IMF had warned about, had begun to materialize.
“Two months ago, we warned that we had to be very careful with what was happening with the main engine of economic growth, which is trade,” said Lagarde, speaking at the American Institute of Entrepreneurship in Washington. “Everything that hinders trade: duties and non-duty barriers will, in fact, also slow down economic growth. Unfortunately, we see some realization of these risks,” she added.
The head of the IMF stressed that trade wars could undermine the pace of global economic growth. The vulnerability, which the Fund indicates, and the instability of the process of restoring the growth rate of the global economy have been confirmed. We are now seeing this synchronized slowdown in economic growth.
In particular, the IMF for the third time in the past six months has lowered its assessment of the growth rate of the global economy to its lowest level since the financial crisis of 2007–2008.
Experts of the organization argued this decision by the risk of disrupting the US-China trade negotiations. According to IMF estimates, the growth rate of the global economy will be 3.3% in 2019.

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