IMF Shaves Global Growth Estimates

(repost from 10/9/2018)
Good Morning,

 It looks like the IMF is cutting global growth across the board. According to the projections, it seems that initial projections were "overly optimistic." Based on the article by CNBC the biggest takeaways from the post are:

1. The Trade War concerns between the US and China with looming unknowns around the tariffs

2. Uncertainty around NAFTA and the EU (Brexit) continue to loom

3. Emerging Market countries growth expectations have been downgraded due to trade concerns


While it has been a surprisingly good year for the equity markets, the market has been in the red for the past couple of days. The IMF report is not mentioning anything new but brings to light how badly the markets were not considering the uncertainty of political risk in a more connected world than in the past. If anything the news around what could push the market higher has started to dampen.
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#financialliteracy #imf #nafta #eu #us #china #cnbc #tradewars #tarrifs #emergingmarkets #economics #globalgrowth #financialfloyd #phillyfinance #trade

https://www.cnbc.com/2018/10/09/world-economic-outlook-imf-cuts-global-growth-forecasts-on-trade-fight.html

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