{"id":145467,"date":"2019-04-09T12:55:55","date_gmt":"2019-04-09T16:55:55","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=145467"},"modified":"2019-04-09T12:24:40","modified_gmt":"2019-04-09T16:24:40","slug":"caution-prevails-as-imf-downgrades-global-growth-outlook","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/caution-prevails-as-imf-downgrades-global-growth-outlook\/","title":{"rendered":"Caution prevails as IMF downgrades global growth outlook"},"content":{"rendered":"<div id=\"inves-4107248871\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 9, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/strong><\/p>\n<div class=\"article-body\">\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>The market mood soured this afternoon after the International Monetary Fund (IMF) cut its global economic growth projections for 2019 to 3.3% from 3.5%.<\/p>\n<p>Risks revolving around US-China trade talks and Brexit have played a leading role in the IMF\u2019s decision to downgrading\u00a0growth forecasts to the lowest since the financial crisis in 2008. Although the narrative over decelerating world growth remains an ongoing theme, the IMF\u2019s recent downgrade will certainly test investor risk appetite as the trading week progresses.<\/p>\n<p>A key takeaway from the IMF report was the fact that growth from the largest economy in the world was predicted to cool from 2.5% to 2.3% this year. Interestingly though, China growth was raised to 6.3% from 6.2%.<\/p>\n<p>All in all, we expect concerns over slowing global growth to add to the basket of themes fuelling appetite for safe-haven assets like the Japanese Yen and Gold this quarter. With Gold prices already breaking above the psychological $1300 level, a daily close above this point has the potential to send prices towards <a href=\"https:\/\/www.forextime.com\/eu\/market-analysis\/markets-edge-trump-threatens-eu-new-tariffs\">$1324 as discussed earlier this morning.<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>Disclaimer: <\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<\/div>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"https:\/\/www.countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\" rel=\"noopener noreferrer\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The market mood soured this afternoon after the International Monetary Fund (IMF) cut its global economic growth projections for 2019 to 3.3% from 3.5%. Risks revolving around US-China trade talks and Brexit have played a leading role in the IMF\u2019s decision to downgrading\u00a0growth forecasts to the lowest since the financial crisis in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-145467","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=145467"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145467\/revisions"}],"predecessor-version":[{"id":145470,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145467\/revisions\/145470"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=145467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=145467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=145467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}