Ghana is the World Fastest Growing Economy according to IMFadmin 12th April 2019 0 COMMENTS
According to the International Monetary Fund (IMF), Ghana will be the fastest-growing economy in the world this year. Ghana, a producer of cocoa, gold and oil is expected to record a growth of 8.8 percent more than the 6.6 percent median projection for countries. This projection by IMF was contained in a recent World Economic Outlook, published Tuesday, 9 April 2019.
The world economy is projected to record a growth of 3.3 percent this year, down from the 3.5 percent the IMF had forecast for 2019 in January. From records, the 2019 forecast would be the weakest since 2009, when the world economy shrank. According to Bloomberg, this is the third time the IMF has downgraded its outlook in six months.
This cut for global growth is the lowest since the financial crisis in most advanced economies. It’s attributed to the signs that higher tariffs are weighing on trade. The IMF Managing Director, Christine Lagarde, warns that the world economy faces a “delicate moment”.
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