Wall Street edges lower as global growth fears resurface
Updated : January 22, 2019 09:05 PM IST
The gloomy IMF forecasts, released on Monday, predicted the global economy will grow at 3.5 percent in 2019 and 3.6 percent in 2020, down 0.2 and 0.1 percentage point, respectively, from last October's forecasts.
The downgrades reflected weakness in Europe and came on the same day China released data that confirmed its slowest growth rate in 28 years due to faltering domestic demand and bruising US tariffs.
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