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, Associated press reports.
Global finance leaders gathered from the spring meetings of the International Monetary Fund and the World Bank agree that the global economy has lost momentum this year. But they expect growth to pick up in the second half of 2019, as central bankers ease up on interest rates.
Still, a trade standoff between the United States and China threatens to dim the economic outlook.
“We must be mindful of an escalation of trade tensions,” Japanese Finance Minister Taro Aso told reporters Friday.