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IMF says U.S.-China trade war is a drag on global economy

HousingWire Wednesday, 16 October 2019
The International Monetary Fund said global economic growth this year will be the weakest pace since the 2008 financial crisis as the U.S-China trade war and Brexit weigh on the world’s economies. “Higher tariffs and prolonged uncertainty surrounding trade policy have dented investment and demand for capital goods,” said IMF Chief Economist Gita Gopinath.
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News video: Trade War Weighs On Both Sides Of Pacific

Trade War Weighs On Both Sides Of Pacific 00:33

U.S. stocks are falling sharply Friday as the fallout from the trade war between the U.S. and China weighs on the world's two largest economies. The Dow is falling triple digits while the Nasdaq is down more than 1% Friday. The Chinese economy grew at a 6% rate in the third quarter, its slowest rate...

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