The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next, APA reports citing BBC News.
It predicts growth of 3.2% in 2019, down from its April forecast of 3.3%. Growth next year is set to pick up to 3.5% next year, although that is below its earlier forecast of 3.6%.
Growth "remains subdued", the IMF says, and there is an urgent need to reduce trade and technology tensions.
The IMF named a no-deal Brexit as one of the key risks to global economic growth.
"The principal risk factor to the global economy is that adverse developments - including further US-China tariffs, US auto tariffs, or a no-deal Brexit - sap confidence, weaken investment, dislocate global supply chains, and severely slow global growth below the baseline," the Fund said.