"The pulls and pressures of the international system are today most evident in the trade domain," he said
Global response to coronavirus remains uncertain
The delegates managed to extract a key concession from the U.S. by including a focus on climate change in the final communique.
'However, a sharp & rapid economic rebound could follow'
The IMF said that global growth would have been 0.5 percentage point lower without last year's actions
Anemic condition, or slowing down factors of different nature, continue to prevail in all major economies
The IMF projection, 1.3 percentage point lower than its earlier estimates, is less than the five per cent projected by the official advance estimates
Book review of Too Small to Fail: Why Some Small Nations Outperform Larger Ones And How They Are Reshaping The World
But confidence in global economic growth reached lowest levels since 2008 financial crash
Morgan Stanley economists expect the global economy to recover some momentum in 2020
US President Donald Trump had launched the trade war with China last year demanding Beijing to reduce massive trade deficit.
Both China and the US have scheduled further tariff increases for December, and Europe is considering retaliation against any US action
Interest rates are either already around historic lows or negative after more than 750 cuts since 2008, spurring concerns they are doing more harm than good
Structural reforms are much less about privatisation, land, and labour, and more about expanding the scope of private enterprises and allowing them to be more competitive and productive
Fiscal hawks argue such proposals will merely sow the seeds for more trouble. But the needle seems to be shifting on how much debt an economy can safely carry
The upcoming data will likely show the economy had its weakest performance last quarter in more than six years, with the growth rate dropping below the symbolically important 5% mark
Finance Minister Nirmala Sitharaman said this week she's not closing the door on additional steps to support the economy.
The rise of Asia represents the beginning of a shift in the balance of economic power in the world and some erosion in the political dominance of the West, he said
Global share prices also aren't indicating trouble ahead on the economic front
Uncertainties relating to trade wars, macro data from the United States (US) and reduced scope of monetary policy, however, are the three key risks it cites to its projections