Global economy may be slowing more than expected, warns IMF

Global growth may be slowing more than forecast only a month ago, underscoring the urgency for countries to pull back from a damaging trade war, the International Monetary Fund warned.

The IMF downgraded its forecast for world growth last month, and recent data suggest the outlook has grown worse since then, the fund said Wednesday in report ahead of the Group of 20 leaders’ summit this week in Buenos Aires.

Financial conditions have tightened, especially in emerging markets, while trade tensions have increased, said the Washington-based fund. Since the IMF’s latest World Economic Update on October 9, global stocks have slumped on