Oct 16, 2019 7:00:00 AM | LGT Navigator
LGT Navigator: Worries at the International Monetary Fund
In its latest economic report, the IMF has noticeably lowered the global growth outlook. Global economic momentum has slowed sharply and remains weak for the time being. In particular industrial activity has declined on a broad basis and is now at the same level as in the financial crisis. Rising trade tensions and geopolitical risks are increasing uncertainty about the future of global trade and international cooperation. In concrete terms, this is having a negative impact on companies' investment plans and the mood on the financial markets. The considerable easing of international monetary policy is currently cushioning the weakening of the economy. Without this accommodation, the situation in many countries would be even worse.