The International Monetary Fund has cut its global growth forecast for this year and the next,... sending a warning that the U.S.-China trade war,... as well as uncertainties over Brexit could put the brakes on growth.<br />Lee Seung-jae reports.<br />In its latest World Economic Outlook report Tuesday,... the IMF cut its forecast for global growth in 2019 AND 2020,... sending a warning that the U.S.-China tariff spat and Brexit could lead to a further slowdown,... weakened investment and a disruption to global supply chains.<br />According to the IMF,... downside risks have intensified and it now expects global growth to be 3-point-2 percent this year,... and 3-point-5 percent next year,... a decrease of zero-point-one percentage point for both years from its previous forecast in April.<br />The IMF's latest downgrade is the fourth cut since October.<br />The global lender says economic data so far this year and softening inflation,... point to weaker-than-expected activity,... with trade and technology tensions adding to the bleak forecast.<br />The IMF also slashed its forecast for global trade growth by zero-point-nine percentage point to two-point-five percent for this year,... but said trade growth should rebound to three-point-seven percent in 2020,... but that's still zero-point-two percentage point under its previous forecast.<br />However,... the IMF paints a rosier picture for advanced economies, such as the United States.<br />The IMF raised its forecast for the U.S. to two-point-six percent in 2019,... but left its 2020 forecast unchanged at one-point-nine percent.<br />The IMF also upgraded its growth forecast for the eurozone to one-point-six percent in 2020,... leaving its 2019 outlook unchanged at one-point-three percent.<br />The IMF urged countries to work at the multilateral level to reduce trade tensions,... also calling for efforts to ensure the continued enforcement of existing World Trade Organization rules.<br />Lee Seung-jae, Arirang News.<br />
