IMF sounds alarm bells over trade slowdown and low inflation

Urgent action is needed to reverse a slowdown in trade and stop low inflation from triggering a downward spiral of weak growth, job cuts and higher debt, the International Monetary Fund has warned.

A global lurch towards protectionism and the sluggish recovery had driven a “remarkable” slowdown in trade since 2012, according to analysis by the Fund.

The IMF warned that a further move away from trade liberalisation was likely to “hold back international trade in goods”, harm economic development and prolong the global slowdown.


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