Mounting trade tensions and stresses in emerging markets are starting to take a toll on the world economy. The International Monetary Fund this week said world growth is plateauing and cut its outlook for first time since 2016. Those issues are dominating talks at the annual IMF and World Bank meetings in Bali, Indonesia this week, as well as a stock-market rout that’s spread from the US to Asia.
Here are the latest developments from the meetings, updated throughout the day.
Winter is coming for the world economy. That’s the warning from Indonesian President Joko Widodo, who channeled the popular TV series