China growth uncertainty drags markets
IMF lowers forecast for Chinese economic growth in 2019 to 6.2%, down from 6.4%
Add BT as a preferred sourceLACKING prominent drivers and weighed by uncertainty over China's growth, Asian markets ended broadly lower on Tuesday.
The International Monetary Fund (IMF) lowered its forecast for Chinese economic growth in 2019 to 6.2 per cent, down from 6.4 per cent, in its latest World Economic Outlook report released on Tuesday at its annual meeting in Bali.
Citing negative effects from the US and China's tit-for-tat tariffs, the IMF added: "The forecast does not incorporate the impact of further tariffs on Chinese and other imports threatened by the United States, but not yet implemented, due to uncertainty about their exact magnitude, timing, and potential retaliatory response."
