[size=36]IMF downgrades Chinese growth to 6.2% from 6.3%[/size]
International Monetary Fund cut its forecast for China 's economic growth for 2019 on Wednesday to 6.2 percent, due to uncertainty intensifies surrounding the trade disputes, saying that if escalated trade war between the United States and China can ensure that further easing in monetary policy.
The cut in expectations came just two months after the IMF raised its estimate of Chinese growth to 6.3 percent from 6.2 percent, highlighting the expected pressure on the world's second-largest economy as a result of the increase in US tariffs on Chinese goods in billions of dollars.
"Growth is expected to fall to 6.2 percent and 6 percent in 2019 and 2020, respectively," IMF Deputy Managing Director David Lipton said in a statement.
"The near-term outlook remains extremely uncertain, given the potential for further escalation of trade tensions," he added