G-20 chiefs: World economic growth to revive later this year

The global economy is likely to pull out of a brief growth slump later this year — with a little help from the world’s central banks and from U.S. and Chinese trade negotiators.

Still, a trade standoff between the United States and China threatens to dim the economic outlook.

The G-20 Friday said that world economic growth sputtered late last year and early this year because of heightened trade tensions, turbulent financial markets and rising interest rates.

The IMF cut its forecast for global growth from 3.6 percent last year to 3.3 percent in 2019, the slowest since the recession year 2009, but it predicts growth will return to 3.6 percent in 2020 .

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