IMF downgrades outlook for world economy to 3.7 pct. growth

WASHINGTON (AP) — The International Monetary Fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade.

The IMF says the global economy will grow 3.7 percent this year, the same as in 2017 but down from the 3.9 percent it was forecasting for 2018 in July. It slashed its outlook for the 19 countries that use the euro currency and for Latin America, the Middle East and Sub-Saharan Africa.

The IMF expects the U.S. economy to grow 2.9 percent this year, fastest since 2005 and unchanged from the July forecast. But it predicts that U.S. growth will slow to 2.5 percent next year as the effect of recent tax cuts wears off and as President Donald Trump’s trade war with China takes a toll.

Associated Press

Associated Press

More News

STORMTRACKER 18 WEATHER
Osseo
27°
Menomonie
26°
Chetek
24°
Durand
30°
Ladysmith
27°
Neillsville
31°
Rice Lake
26°
New Richmond
27°
Black River Falls
21°
Medford
24°
River Falls
28°
Duluth
33°
Green Bay
31°
La Crosse
33°
Madison
34°
Milwaukee
39°
Twin Cities
36°
Weather Outlook: A Quiet Start to the Week.

Weather Outlook: A Quiet Start to the Week.

It will be a quiet week of weather with lots of sunshine. Rain chances return near the weekend.

Connect With WQOW
Top Stories

UPDATE: Middleton shooter was employee of business where he opened fire

The Middlelton Police department sent a phone message to residents about an active shooter.

UPDATE: 4 from Loyal, including 3 kids, killed in Apostle Island kayak incident

Sheriff Michael Brennan said Erik Fryman, 39, and his kids 3, 6 and 9-years-old died. The mom, Cari Mews, 29,

NEW: Missing Mondovi man found dead Wednesday afternoon

According to Mondovi Police Chief Colin Severson, the department is looking or Nathan D. Kummer who was reported missing by

UPDATE: Gas leak contained in Boyd

Boyd's fire chief told News 18 crews were digging up a leaking water line at Double D's Saloon and workers

Sex offender faces new charges in Eau Claire

A convicted sex offender living in Eau Claire is charged with two counts of first degree sexual assault of a

Scroll to top
Skip to content