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IMF forecasts a modest slowdown in the global growth rate to 3.5%

That updated forecast is down from the 3.7% growth rate from last year that had been expected to continue in 2019.

The 95-story Shard, a supertall skyscraper owned by Qatar, towers over London and its financial district
The 95-story Shard, a supertall skyscraper owned by Qatar, towers over London and its financial district (AN/J. Heilprin)

WASHINGTON (AN) — The pace of economic growth globally will likely slow to 3.5% due to rising trade tensions and U.S. interest rates, the International Monetary Fund said.

IMF's forecast is down from the 3.7% growth rate from last year that had been expected to continue in 2019.

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