The IMF has eased its forecast for GDP progress this 12 months from 3.4 to three.3 per cent and for subsequent 12 months from 3.6 to three.4 per cent, nonetheless a good restoration – or can be if it occurs.
This time final 12 months the IMF predicted 3.5 per cent progress for 2019, however it turned out to be 2.9.
As Yogi Berra stated: it is robust to make predictions – particularly concerning the future.
Learn extra right here: https://www.abc.internet.au/information/2020-01-21/imf-cuts-global-economic-forecasts-share-markets-dont-care/11884954?part=enterprise
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