Read More: What Bloomberg Economics is thinking about global growth
There was a big downgrade to Mexico’s prospects -- by up to half a percentage point -- while the IMF said a slump in Venezuela may be deeper than previously anticipated.
The 2019 U.S. forecast was unchanged at 2.5 percent. But the IMF said growth in the world’s biggest economy will cool to 1.8 percent in 2020 as stimulus from tax cuts fades and the economy responds to higher Federal Reserve interest rates.
As for China, the IMF still expects expansion of 6.2 percent this year after 6.6 percent in 2018, a slowing due to the trade war and the government’s attempt to pare leverage.
This article was provided by Bloomberg News.