Tags: Coronavirus | iif | us | china | growth | forecast

IIF Lowers 2020 Global, US and China Growth Forecasts

IIF Lowers 2020 Global, US and China Growth Forecasts
(Paulus Rusyanto/Dreamstime)

Thursday, 05 March 2020 08:34 AM

The Institute of International Finance (IIF) downgraded its economic growth forecast for the United States and China on Thursday, while warning that world growth could reach its weakest since the global financial crisis.

Citing the economic impact of the coronavirus outbreak, the IIF lowered its forecast for U.S. growth this year to 1.3%, down from 2% previously, with the epicenter of weakness in the second quarter, and China to just shy of 4%, from 5.9% previously.

Global growth in 2020 could conceivably approach 1%, far below the 2.6% expansion in 2019 and the weakest since the financial crisis, the IIF said. 

© 2020 Thomson/Reuters. All rights reserved.


   
1Like our page
2Share
Economy
The Institute of International Finance (IIF) downgraded its economic growth forecast for the United States and China on Thursday, while warning that world growth could reach its weakest since the global financial crisis.
iif, us, china, growth, forecast
101
2020-34-05
Thursday, 05 March 2020 08:34 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved