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The International Monetary Fund has cut its forecast for global growth this year and next, citing further U.S.-China tariffs or a disorderly exit for Britain from the European Union as potential threats to the economy. The IMF now expects global economic growth of 3.2% in 2019 and 3.5% in 2020, down 0.1 percentage point for both years from its April forecast. The IMF also slashed its forecast for growth in global trade and warned of significant downside risks. The fund urged countries to work at the multilateral level to reduce trade tensions and end uncertainty about longstanding trade agreements.
