The International Monetary Fund on Tuesday warned that global economic growth was slowing more than expected and that a sharp downturn could require world leaders to coordinate stimulus measures. The global lender cut its global economic growth forecasts for 2019 and said key risks included a U.S.-China trade war and a potentially disorderly British exit from the European Union. Source: EuroNews
China and Turkey say they will keep importing oil from Iran in defiance of president Donald Trump who on Monday announced an end to waivers that allowed them to do so. Iran then renewed its long-standing threat to close the Strait of Hormuz by military force. Source: International Business Times
The euro zone is worried about the heavily indebted Italian economy’s weak growth and needs Rome to implement its budget plans “with credibility”, the head of the currency bloc’s group of finance ministers said. Source: Reuters
Public debt in Greece and Italy, the two most indebted countries of the euro zone, grew last year while the bloc as a whole recorded an overall decrease in its liabilities, the European Union statistics office said on Tuesday. Source: Business Recorder
