At IMF, US urges action to spur global economy; avoids talk of trade war

Radio France Internationale | Oct 19, 2019 at 12:49 AM
  • Washington called Friday for action from other major world powers to spur economic growth, avoiding mention of the US-China trade war and blaming the current global slowdown on excess savings, flagging investment in China and Europe in particular.
  • It also downgraded its global economic forecasts for the fourth straight quarter, citing Trump’s trade wars as a principal cause of weakness.
  • If world governments take no action, the slowdown in China, Germany and Europe “could prove longer or deeper than initially envisioned.”