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IMF chief Christine Lagarde warns of worse trade hit to global economy

Thursday, November 29, 2018, 9:11 AM

The impact of escalating trade tensions on global growth are worse than feared just one-month ago, and threatened US auto tariffs could cut a large chunk out of the world economy, IMF said. Just last month, the International Monetary Fund warned of the dangers of the trade frictions notably between the US and China, which have exchanged tariffs on hundreds of billions in products.

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