Asset Allocation
COVID-19 ‘Fault Lines’ Cause IMF to Downgrade Forecast
Supply chain disruptions and inflation pressures weigh down the World Economic Outlook.
Organization warns pandemic will reverse progress made in reducing global poverty and will increase inequality.
IMF sees few signs of a turning point amid ‘new normal’ of higher uncertainty.
World economic outlook downgraded to 3.3% growth in 2019.
Organization says tariffs and retaliation could ‘derail’ recovery.
US growth expected to be sluggish over the long term.