The IMF, in the 21 January update to its flagship Global Economic Outlook, cut its forecast for 2019 global economic growth from 3.7% to 3.5%. The US saw a 0.1 percentage point downgrade to 2.0%, whilst the IMF’s China forecast was left unchanged at 6.2%. This, nevertheless would be the lowest in almost 30 years, with the freshly-released 2018 Chinese official growth figure of 6.6% already the lowest since 1990; some unofficial estimates peg Chinese growth significantly lower.

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