IMF’s Lipton: China's growth to slow gradually and more if trade dispute worsens

David Lipton, Acting Managing Director of the International Monetary Fund (IMF), was on the wires last minutes, noting that “we will still see the global economy as sluggish”.

Additional Comments:

• Sluggish growth raises concern that a response is needed.
• China's growth to slow gradually and more if trade dispute worsens.
• US economy has low jobless rate but no inflation pickup.
• All of Europe's policy levers need to be ready for use.
• IMF baseline scenario is not for the world economy to stall or fall into a recession.