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Economy

IMF's Christine Lagarde warns of worse trade hit to global economy

Updated : November 29, 2018 05:38 AM IST

In a report for the Group of 20 leaders meeting in Buenos Aires, the IMF said auto tariffs, if imposed, could cut three fourths of a per cent off the global economy.
Emerging market economies, especially China and the euro area, are already seeing their economies slow, while a "no-deal Brexit could further dent confidence," Lagarde said in a blog post that accompanied the report.
IMF's Christine Lagarde warns of worse trade hit to global economy
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