Global economy 'far' from recession, IMF official says

By Andrea Shalal

WASHINGTON (Reuters) - Trade tensions are weighing on growth across the world, but the International Monetary Fund is "far" from forecasting a global recession, an IMF official told Reuters on Friday, as the fund prepares to release a new economic outlook next month.

The IMF on Thursday said tariffs imposed or threatened by the United States and China could shave 0.8% off global economic output in 2020 and trigger losses in future years.

"The trade tensions are weighing on growth. But we really don't see recession in the current baseline. I think we're far from that," said the IMF official, ...