Jul 16, 2018

IMF lowers prediction for Europe's 2018 economic growth

International Monetary Fund headquarters in D.C.

Photo: Samuel Corum/Anadolu Agency/Getty Images

The International Monetary Fund expects the broader economy of Europe to grow 2.2% this year, down from its 2.4% prediction in April, the Associated Press reports.

Why it matters: The IMF has voiced concern previously over the affect that trade conflicts can have on the global economy. Chief economist for the IMF, Maury Obstfeld, said that "the risk of worse outcomes has increased" for the world economy, per the AP. Despite these worries, the IMF's prediction of 3.9% economic growth for the overall world economy from April is staying unchanged.

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