WASHINGTON, Oct. 15-- The International Monetary Fund (IMF) on Tuesday lowered its global growth forecast for 2019 to 3 percent in the newly-released World Economic Outlook (WEO) report, down 0.2 percentage point from its estimation in July. Noting that this is the slowest pace since the global financial crisis, IMF chief economist Gita Gopinath said during a press conference at the global lender's headquarters that "growth continues to be weakened by rising trade barriers and growing geopolitical tensions." "Growth is also being weighed down by country-specific factors in several emerging market economies, and structural forces such as low productivity growth and aging demographics in advanced economies," Gopinath told reporters at the IMF headquarters. |