Reported about 1 month ago
The International Monetary Fund has lowered its global growth forecast for the coming year to 3.2%, citing rising risks from geopolitical tensions and trade protectionism. This forecast comes as the Bank of Canada cuts interest rates to stimulate growth and Chinese banks adjust lending rates to combat economic stagnation. The report highlights ongoing economic challenges, including high government debt, conflicts in the Middle East and Ukraine, and uncertainty from the upcoming U.S. presidential election, which could significantly impact global economic conditions.
Source: YAHOO