IMF slashes world economy growth forecast by 0.2 per cent Mathew Dadiya, Abuja
The International Monetary Fund said the world economy is plateauing as the lender cut its growth forecast for the first time in more than two years, blaming escalating trade tensions and stresses in emerging markets. https://plus.google.com/+DailytimesNgr/posts
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On the eve of its annual meetings in Bali, Indonesia, the fund on Tuesday, projected a global expansion of 3.7 percent this year and next, down from the 3.9 percent projected three months ago. It was the first downgrade since July 2016. While the global economy is still on track to match last year’s pace, which Continued on page 3
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NASS leadership tussle
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