WASHINGTON—The International Monetary Fund is poised to cut its forecast for global growth as Managing Director Christine Lagarde warns trade wars and tighter credit are darkening the outlook. The fund will update its World Economic Outlook on Oct. 9 ahead of opening its annual meeting in Bali, Indonesia. After sounding the alarm in recent years about threats to the global economy, International Monetary Fund chief Christine Lagarde said risks had begun to materialize and were slowing growth. Lagarde said protectionist rhetoric was turning into “actual trade barriers,” spreading uncertainty among businesses and consumers. Lagarde has repeatedly warned that an all-out trade war could curb growth at a time when the world is enjoying the broadest upswing in years.

Source: thestar October 01, 2018 18:11 UTC