World economic outlook update

Risks to the forecast are mainly to the downside, according to this report by IMF.

The risks include:
– further trade and technology tensions that dent sentiment and slow investment;
– a protracted increase in risk aversion that exposes the financial vulnerabilities continuing to accumulate after years of low interest rates; and
– mounting disinflationary pressures that increase debt service difficulties, constrain monetary policy space to counter downturns, and make adverse shocks more persistent than normal.

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