IMF cuts global growth forecasts as India falters

The IMF on Monday trimmed back its 2020 global growth forecasts due to sharper-than-expected slowdowns in India & other emerging markets but said a US-China trade deal was another sign that trade & manufacturing activity may soon bottom out. India saw a sharp, 1.2 percentage point cut to its 2020 growth forecast to 5.8% – IMF’s biggest markdown for any emerging market.

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