Comments from IMF leader Lagarde:
- IMF does not expect near-term recession
- Global GDP growth has lost momentum since January forecast of 3.5% fro 2019 and 2020
- Sees some pickup in growth in H2 of 2019 and into 2020 due to 'more patient' stance at Fed, other central banks and Chinese stimulus
- Expected rebound in growth this year is 'precarious' and vulnerable to trade risks, brexit and unease in financial markets
That's a dire outlook. And remember, it's always 'just a slowdown' before it's a recession.
