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U.S., China tariffs could lower global GDP by 0.8% in 2020: IMF

Tariffs imposed by the United States and China in the ongoing trade war could lower the level of global economic output by 0.8% in 2020 and trigger additional losses in future years, the International Monetary Fund said. IMF spokesman Gerry Rice said the global economy is witnessing difficult challenges, including a weakening of manufacturing activity not seen since the global financial crisis of 2007-2008.

Read More at The Economic Times News date : 13 Sep 2019, Friday

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