The International Monetary Fund warns that global growth is slowing to its lowest rate since the financial crisis. But while it urges financial inclusion, don’t expect the IMF to embrace Bitcoin anytime soon.
Lowest Economic Growth Since Financial Crisis
After performing a downward revision, to the lowest since the financial crisis, the International Monetary Fund (IMF) recently issued a grim warning:
Global growth softened to 3.6 percent in 2018 and is projected to decline further to 3.3 percent in 2019.
One of the cures the IMF proposes is to boost financial inclusion.
The IMF blames the significant weakening of the global expansion, the lowest in a decade, on several factors, mainly the ongoing China-United States trade war, Argentinean and Turkish macroeconomic difficulties, and German auto industry woes.
To exacerbate the issue, US President Donald Trump is now threatening to impose tariffs on cars imported from the European Union, which could result in German carmakers losing billions of dollars.
Another culprit that…