IMF statement: global expansion continues but at a slower pace than was anticipated in Oct 2018; risks remain tilted to the downside
- Global growth will firm up in 2020
- Notes limited policy space, historically high debt levels, heightened financial vulnerabilities and other longstanding challenges
- IMF members recognize the need to resolve trade tensions and support necessary reforms at WTO to improve its functioning
- IMF members will refrain from competitive FX devaluations