Trade tensions hurting global economy

Growth will fall to its lowest rate since the beginning of the decade, says IMF

Trade tensions are taking a toll on the global economy and a lasting solution is necessary, Kristalina Georgieva, managing director of the International Monetary Fund said on Tuesday.

Georgieva, who this month took the IMF helm from Christine Lagarde, said the global economy is now in a "synchronized slowdown", and global trade growth has come to a near standstill, with trade disputes and the ensuing uncertainty and Brexit continuing to hold back economic potential.