The International Monetary Fund is warning of a global economic slowdown as it has slashed its 2019 global economic outlook to three-point-three percent,... the lowest level since 2016.<br />South Korea's growth forecast remains unchanged.<br />Kim Hyo-sun reports. <br />The IMF has downgraded its world economic outlook for 2019,... warning of a global economic slowdown. <br />It forecasts the world economy will grow three-point-three percent this year,... down from the three-point-five percent it had forecast for 2019 in January.<br />This is the lowest level of forecast in three years. <br />Describing the present as a delicate moment,... the IMF's chief economist explained that the global economy will recover during the latter half of the year and reach three-point-six percent growth in 2020. <br />The IMF pointed to trade tensions, Brexit and other political uncertainties as some of the risks facing the world economy. <br />The IMF has maintained its 2019 growth forecast for South Korea unchanged at two-point-six percent.<br />Its World Economic Outlook released on Tuesday also forecasts the country's economy to improve in 2020,... with 2-point-eight percent growth. <br />The South Korean government's stimulus package, including its supplementary budget is seen as the major reason behind the fund maintaining the country's economic outlook amid a lowered global economic forecast. <br />The IMF also pointed out that South Korea should adopt expansionary monetary policies or credit easing policy in case the economy faces challenges. <br />Kim Hyo-sun, Arirang News. <br />
