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10 Oct 2018 (AFR) – Trade war ‘negative’ for Australia, world economic growth to ‘plateau’: IMF

(10 October 2018, AFR, p6, by John Kehoe)

Real GDP growth (% YoY) (IMF)

Real GDP growth (% YoY) (IMF)

‘Australia’s strong economic growth is tipped to peak at a six-year high of 3.2 per cent in 2018 before the US-China trade war slows the export-dependent local economy next year, according to the International Monetary Fund’s latest world economic outlook (WEO). The IMF forecasts the world economic expansion will “plateau” at 3.7 per cent this year and in 2019, a slight downgrade from its April estimates of 3.9 per cent, amid recent signs of a weakening in global trade, manufacturing and investment.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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