Tuesday , October 26 2021

The International Monetary Fund (IMF) cut the outlook for economic growth in Europe



[ad_1]

The International Monetary Fund has lowered estimates for economic growth in Europe for 2018 and 2019.

In a report on Thursday, the IMF forecast 2.3 percent growth in 2018 for the region, compared with 2.8 percent last year and a decline in growth in 2019 to 1.9 percent.

In May, the bank had expected growth to be 2.6 percent in 2018 and 2.3 percent in 2019. It warned of short-term risks, especially related to "increasing trade tensions." "In the medium term, growth can slow down due to delays in implementing fiscal adjustments and structural reforms," ​​he said.

"Domestic demand, supported by stronger jobs and wages, has been a driver of strong growth in the European economy," the IMF said in a statement.

The IMF warned that Britain would leave the European Union without reaching an agreement, indicating that this could lead to higher trade barriers and non-trade barriers including import licenses and rules of origin and could affect growth.

[ad_2]
Source link