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IMF lowers growth expectations for US and China, citing China-US trade tensions

The International Monetary Fund has lowered growth expectations for the world’s two largest economies citing the ongoing trade tension between China and the US. It expects world growth overall to slow by 0.2 percentage points, down to 3.7 percent. At an IMF-World Bank Meeting taking place in Bali, financial leaders are urging countries to work together because they’re all “on the same boat.”

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