The Washington-based institution forecast in October a global growth rate of 3% for 2019 and of 3.4% for 2020.
The IMF has now revised down those forecasts to 2.9% and 3.3%, respectively.
The IMF is cautious about the state of the global economy going forward, in particular about further trade tensions.
Trade war? Yes. Global slowdown? Yes. Volatile market? Yes. But does that mean investors should cash out and run? Not this top-performing fund manager. She’s staying put.
Joanna Kwok, who co-manages the JPMorgan Asia Growth Fund, says volatility will linger in Asia markets due to trade war uncertainty and corporate earnings concerns. Even with the unpredictability of U.S. President Donald Trump and other political risks, investors should hang on as valuations suggest “decent” returns in the next 12 months, she said.
Read MoreBoston-based online security start-up Cybereason said Tuesday it raised $200 million in fresh funds from Japan’s SoftBank Group Corp and its affiliates.
That brings the total amount of funds the start-up has raised to $400 million since it was founded in 2012.
The new funds will be used to “grow our global expansion with our partner community,” Lior Div, CEO and co-founder of Cybereason, told CNBC.
RIO DE JANEIRO, BRAZIL – Negotiation of agricultural land for foreign investors has returned to the Brasília agenda. Senator Irajá Abreu (PSD-TO) filed last week a new bill on the topic, more flexible to the sale or leasing of rural properties, provided that these groups form a company in Brazil.
Read More“Often there are opportunities that everybody can see, but you’re restricted by mandate or asset class,” says Margaret Patel, manager of Wells Fargo Asset Management’s Diversified Capital Builder fund. “We have a much more flexible approach.”
This approach has paid off. Patel’s fund is up 16.5% this year and is outperforming 97% of its counterparts.The five-star-rated fund has also done well long term.
