Gloomy global growth outlook dampens Davos
Christine Lagarde, managing director of the International Monetary Fund (IMF), at the World Economic Forum in Davos, Switzerland. The Fund now expects global growth of 3.5 per cent in 2018, down by 0.2 percentage points since October. Photo: Bloomb
The last week has been dominated by Davos, downgraded global growth forecasts and Brexit, but at the end of it there was good news as the US government shutdown came to an end. The market was already enjoying the possibility that the Fed might end its balance sheet tightening sooner than expected, so the news of an end to President’s Trump’s government closure will likely lift sentiment further at the start of this week. Last week got off to a rough start, however, with the IMF downgrading i...

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